Buy Jsw Infrastructure: IIFL Securities's Target Price Rs 288

IIFL Securities has issued a "buy" recommendation for JSW Infrastructure, with a target price of Rs 288, implying a potential upside of 5.4% from the current market price of Rs 273.2. This recommendation is based on the company's strong order book, healthy balance sheet, and the expectation of continued growth in the infrastructure sector. The company has an order book of over Rs 15,000 crore, providing strong revenue visibility. JSW Infrastructure's balance sheet is also healthy, with low debt and strong cash flows. The company is well-positioned to benefit from the government's focus on infrastructure development.

About Jsw Infrastructure:

JSW Infrastructure (JSWIL), a subsidiary of JSW Steel, is a leading infrastructure company listed on the National Stock Exchange (NSE). The company operates in the core areas of ports, roads, and energy. JSWIL's strategic location in India's western coast makes it a significant player in the country's infrastructure sector. The company's portfolio includes the state-of-the-art deep-draft port facility at Jaigarh, Maharashtra, a 30-year concession for the development of the NH-48 section in Haryana, and renewable energy projects across India. JSWIL aims to provide efficient and sustainable infrastructure solutions to meet the growing needs of the nation.

52 Week Price Trend:

JSW Infrastructure (NSE: JSWINFRA) currently trades at Rs 273.2, hovering near its 52-week high of Rs 276.2. The stock has been exhibiting strong momentum, having gained over 90% since its 52-week low of Rs 141.75. This growth is attributed to the company's robust financial performance, driven by its core businesses in infrastructure development, mining, and energy. Investors continue to show confidence in JSW Infrastructure's long-term prospects, as evidenced by its recent price action. However, it remains crucial to monitor market conditions and the company's upcoming financial results to assess the sustainability of its upward trend.

Stratzy's MOST Analysis:

Stratzy's MOST framework assigns JSWINFRA a BB- rating, indicating medium fundamental risks. This assessment is based on the company's performance in the areas of Management, Outlook, Safety, and Trend. The BB- rating suggests that JSWINFRA has certain strengths and weaknesses in these pillars, with an overall moderate level of fundamental risk. Investors should carefully consider these factors before making investment decisions.

Fundamental and Technical information provided in this blog were last updated on 22 May, 2024

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