JSW Infra Gets Rating Upgrade From PL Capital, Sees 27% Upside On Logistics Play

JSW Infra has announced a strategic transaction to scale-up of its multimodal logistics capabilities through the acquisition of JSW Rail, JSW Minerals and JSW (South) Rail from the promoter group company at an EV of Rs 12.12 billion..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..PL Capital Report.PL Capital has upgraded JSW Infrastructure Ltd. to Buy from Accumulate with a target price of Rs 336, implying a potential upside of ~27% from the current market price of Rs 265. The upgrade follows a sharp correction in the stock and the company’s strategic move to strengthen its multimodal logistics platform through the acquisition of three rail logistics entities. . JSW Infra has announced a strategic transaction to scale-up of its multimodal logistics capabilities through the acquisition of JSW Rail, JSW Minerals and JSW (South) Rail from the promoter group company at an EV of Rs 12.12 billion. This move is expected to strengthen the company’s presence in inland transportation, by providing immediate access to scarce GPWIS/LSFTO licenses and adding an operational rake fleet that will support long-term cargo movement across steel, cement and other bulk industries. With rail freight volumes in India expected to nearly double by FY30 and a moratorium on new GPWIS licenses limiting competitive intensity, we believe this is a well-timed acquisition..Click on the attachment to read the full report:.'Buy' Maintained On RBL Bank Shares As ICICI Securities Sees Huge Upside With Minimal Downside.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

JSW Infra Gets Rating Upgrade From PL Capital, Sees 27% Upside On Logistics Play

PL Capital upgrades JSW Infra to ‘Buy’ on account of correction in stock price and company’s efforts to achieve the planned volume growth.

NDTV Profit

NDTV Profit

Follow Us

DISCOVER US FASTER

DOWNLOAD THE APP