India's JSW Infrastructure falls on Q1 profit drop

JSW Infrastructure

19/07/2024 05:05

** Shares of JSW Infrastructure  JSWN.NS  fall 3.8% to 323
rupees; set for worst day in over a month
    ** Port operator reports a ~9% decline in June-quarter
consol net profit on higher expenses that jumped ~41%
    ** JSWN on track for third straight session of losses
    ** Avg rating of five analysts at "buy"; larger rival Adani
Ports  APSE.NS  also rated "buy" on avg 
    ** JSWN median PT at 282 rupees
    ** Stock up ~55% YTD compared with a ~45% rise in APSE

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))