Investors seek more light on Adani Ports' strategy, says Jefferies

JSW Infrastructure

30/04/2025 06:09

** Investors are seeking deeper insights into Adani Ports and Special Economic Zone's APSE.NS plans as they see international expansion, logistics as new growth areas, says Jefferies

** Notes investors concerned over recent Australian terminal deal's valuation even though they "like" co's portfolio, existing diverse client base

** APSE closed 1.3% lower on April 21, the session following the deal announcement

** Year-to-date, APSE loses 1%, outperforming rival JSW Infrastructure's JSWN.NS 6% decline

** According to Jefferies, investors see little headroom for JSWN on risks of potential delays in JSW Steel's JSTL.NS capacity expansion plans; JSWN trading 77% premium to APSE

** Adds investors agree JSWN a safe harbour amid tariff-led uncertainty

** APSE flat; JSWN falls 0.7% on the day

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))