India's JSW Infra hits 2-month high; Investec starts with 'buy'

JSW Infrastructure

04/12/2024 06:08

** JSW Infrastructure  JSWN.NS  gains 2.08% to 328.35
rupees, highest since Oct. 4 
    ** Stock set to rise for seventh straight session
    ** Investec starts coverage with "buy"; PT of 370 rupees is
more than 15% premium to last close
    ** Sees co delivering rev growth at 20% CAGR over FY24-30 as
it moves to handle third party cargo at ports in addition to
that of group cos JSW Steel  JSTL.NS  and JSW Cement  JSWC.NS 
    ** Brokerage's conservative estimates don't take into
account any new concessions or more ports and terminals
    ** Expects co to benefit from government's port
privatization plan
    ** Stock rated "buy" on avg - LSEG
    ** YTD, JSWN up more than 57%

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))