• Source:JND
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JSW Infrastructure Share Price: In a very volatile market, JSW Infrastructure witnessed a significant surge, rising 9% during the intraday trade on Friday. The surge is attracting investors following a favourable report from domestic brokerage firm Motilal Oswal, which highlighted strong growth prospects in the port sector. At around 2:29 pm, the stock was trading at Rs 255.85, up 7.36% against the previous day's closing price of Rs 238.30 on NSE.

In the morning the JSW Infrastructure shares opened at Rs 238.95 per share and went on to hit an intraday high of Rs 259.80 per share. Meanwhile, the 52-week high and low values of the stock were 360.95 and 211.10 respectively.

Motilal Oswal Gives Buy Rating

Motilal Oswal has set a target price of Rs 330 for JSW Infrastructure, indicating a potential upside of 39% from its previous close price of ₹238 on the National Stock Exchange. It is worth mentioning that the stock has already witnessed a gain of over 10% this week, indicating increased investor confidence.

The brokerage maintains a positive outlook for the sector, expecting cargo traffic to grow at an annual rate of 3-6%, with utilisation levels expected to stabilise around 55% over the medium term. Further, container traffic is forecast to grow by 4-7% annually over the next five years, driven by rising imports, lower freight costs and normalisation of global supply chains.

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Motilal Oswal emphasised that India’s port sector is poised for substantial growth, with capacity addition expected to be 500-550 MTPA annually from FY23 to FY28.

Bullish On Adani Ports As Well

Apart from JSW Infrastructure, analysts are also optimistic about Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator. The brokerage has a buy recommendation on it, pointing to rising investments in the sector as a key growth driver.

As India's port infrastructure plays a vital role in trade and economic growth, companies like JSW Infrastructure and Adani Ports are well-positioned to benefit from rising volumes and capacity expansion.

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