India's JSW Infrastructure rises on HBSC upgrade to 'Hold'

JSW Infrastructure

13/01/2026 05:02

** Shares of JSW Infrastructure JSWN.NS rise 1.2% to 267.3 rupees

** HBSC upgrades stock to "Hold" from "Reduce"; PT raised to 280 rupees from 240 rupees earlier

** Updates as brokerage believes port operator's FY28 EBITDA visibility has improved and following weakness in its shares

** Brokerage says co is on track to double FY28 EBITDA compared to FY25, and to meet FY30 400 mtpa port capacity target

** Adds while JSWN's major investments are set to contribute from FY28, it continues to see weak return on invested capital until FY27

** Stock fell 10.44% in 2025

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))