JSW Infra Share Price: Brokerage placed bets, shares jumped 10%, keep holding till this price

JSW Infra Share Price: Even in the selling environment, JSW Infra shares became rockets today and it jumped 10 percent intra-day and reached the upper circuit. Domestic equity benchmark indices BSE Sensex and Nifty 50 have fallen by about half a percent today, but it did not have much impact on JSW Infra. On the positive trend of domestic brokerage firm Motilal Oswal, this stock jumped 10 percent intra-day and reached the upper circuit of Rs 262.00. Due to profit booking, the prices have softened a bit but it is still in a very strong position. Today it closed at Rs 259.50 on BSE with a gain of 8.94 percent.

What is the target price for investment?

In the ports sector, brokerage firm Motilal Oswal has kept JSW Infra as the top pick. The brokerage firm has given it a buy rating at a target price of Rs 330. 95 percent of the country's exports take place through Indian ports and this is 70 percent in terms of value. The brokerage firm believes that this sector is going to grow even faster. The brokerage estimates that due to increasing imports, falling freight rates and normalization of the global supply chain, container traffic can grow at a rate of 4-7 percent annually in the next five years. The brokerage says that through aggressive expansion, strategic acquisitions and integrated logistics solutions, JSW Infra and Adani Ports grew at a compounded annual growth rate of 5 percent between FY 2019 and FY 2024 and their high pace is going to continue in the next five years as well. Out of the 14 analysts covering it, 11 have given a buy rating and three have given a sell rating.

How was the condition of JSW Infra shares in one year?

JSW Infra shares gave more than 70 percent return in just 4 months last year. Last year on March 14, 2024, it was at Rs 211.55, which is a one-year low for its shares. From this low level, it jumped more than 70 percent in four months to Rs 361.00 on June 4, 2024, which is a record high for its shares. However, the rise of the shares stopped here and at present it is about 29 percent downside from this record high. However, despite this decline, the money of IPO investors has more than doubled. Its shares were issued at a price of Rs 119 and were listed in the domestic market on October 3, 2023.

Religare Ent Share Price: Shares rocketed as soon as Burman family became the promoter

Disclaimer: The advice or views expressed on Moneycontrol.com are the personal views of the experts/brokerage firms. The website or management is not responsible for the same. Moneycontrol advises users to always seek advice from certified experts before making any investment decision.