JSW Infra Share Price Gains As Investec Initiates With 'Buy'

JSW Infrastructure Ltd.'s share price rose over 3% on Wednesday after brokerage firm Investec initiated coverage on the company with a 'buy' rating. It has a price target of Rs 370 per share, implying a potential upside of 15% from Tuesday's closing levels.

Investec's positive outlook on JSW Infra is supported by the company's strong growth prospects. The brokerage expects the company to deliver a compound annual growth rate of over 20% in revenue and Ebitda from financial years 2024 to 2030. As the second-largest port player in India, JSW Infra handles approximately 7% of the country's port volumes, positioning the company as a key player in the growing logistics and infrastructure sector.

One of the key drivers of growth identified by Investec is the ramp-up in third-party cargo volumes and the newly acquired terminals, which are expected to contribute significantly to JSW Infra's expansion. Additionally, the company stands to benefit from planned capacity additions by its parent company, JSW Steel, which are set to boost volumes and further strengthen its market position over the next few years.

Investec also highlighted JSW Infra's strategic positioning to benefit from the Indian government's ongoing port privatisation plan, which aims to enhance operational efficiency and drive greater private-sector involvement in the country's maritime infrastructure.

JSW Infra Share Price Today

Share price of JSW Infra rose as much as 3.78% to Rs 333.85 apiece. It pared gains to trade 2.18% higher at Rs 328.70 apiece, as of 09:42 a.m., compared to a 0.31% advance in the NSE Nifty 50.

The stock has risen 51.06% in the last 12 months. Total traded volume so far in the day stood at 2.7 times its 30-day average. The relative strength index was at 64.

Out of 12 analysts tracking the company, nine maintain a 'buy' rating, and three suggest 'sell', according to Bloomberg data. The average of 12-month analysts' consensus price target implies an upside of 7.2%.

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