On the broader market outlook, Jatin Gedia of Teji Mandi expects the Nifty to consolidate within 22,500-22,800 band for now.
Stocks to buy today: Kunal Kamble, technical analyst at Bonanza Sona BLW stock has broken out of the falling channel that capped the price movement through August and September.
ACME Solar, Aegis Logistics, Aegis Vopak Terminals, Apar Ind, Ipca Labs, Laurus Labs, Shyam Metalics and Welspun Corp from the BSE 500 index also hit their respective 52-week highs in Tuesday's trade.
Thus far in September JSW Infrastructure stock has rallied over 9% even as the Nifty slipped nearly 3%.
The ports and logistics company reported lower quarterly profit as reduced other income and a higher tax rate offset strong revenue growth driven by higher cargo volumes
JSW Infra is expected to be on a strong long-term growth trajectory over FY26-FY30 backed by expansion of ports capacities, strengthening logistics network and inorganic growth opportunities.
JSW Infrastructure will build a 52 mtpa captive jetty in Odisha at an investment of over ₹2,100 crore to support JSW Steel's upcoming 13.2 mtpa integrated steel plant
The qualified institutional placement, combining a primary issue and promoter offer for sale, will help fund JSW Infra's expansion plans and broaden its institutional shareholder base
Sajjan Jindal-promoted JSW Infrastructure's qualified institutional placement (QIP) received bids worth over Rs 50,350 crore, nearly seven times the indicative issue size of up to Rs 7,503 crore, according to merchant bankers handling the issue. The QIP, launched on June 22, witnessed strong participation from leading domestic and global institutional investors, suggesting robust appetite for the country's ports and logistics infrastructure story. The company planned to raise up to Rs 7,502.7 crore through a QIP of 23 crore fresh equity shares, alongside an offer for sale (OFS) of 3.32 crore shares by the promoter. At the floor price of Rs 285 per share, the fresh issue is valued at Rs 6,555 crore and the OFS at Rs 947.7 crore. The shares were offered at a floor price of Rs 285 apiece, representing a 7.2 per cent discount to the company's June 22 closing price of Rs 307.25 on the BSE. According to merchant bankers, the company plans to utilise the proceeds from the fresh issue to f
Analysts see scope for further valuation gains as JSW Infrastructure executes a large expansion pipeline and targets strong revenue and EBITDA growth through FY28
JSW Infra outperformed the market by surging 11% in the past week and rallying 20% in the past month.
The Nifty has broken above the recent swing high near the 23,530 mark decisively, indicating a possible reversal in the immediate trend, says Hitesh Rathi, Technical Analyst at Angel One.
The company has won a 30-year concession to develop container facilities at Netaji Subhas Dock, taking its planned capacity at the Kolkata Dock System to 1.4 million TEUs
With a balanced east-west coast presence and expanding inland logistics, analysts believe it is well placed to benefit from India's push for multimodal integration and port-led industrial growth
JSW Infrastructure reported lower Q4FY26 profit due to one-off losses, forex impact, and disruptions at its Fujairah terminal amid the Middle East conflict
At the current market price of ₹259 per share, the brokerage sees an upside potential of 39 per cent on the stock and has set a target price of ₹360 per share, based on 16x FY28E EV/Ebitda
JPMorgan has initiated coverage on Adani Ports and JSW Infra with an 'Overweight' rating
In an exchange filing, JSW Infra said emergency response procedures were activated immediately in line with safety protocols, and local authorities
Shares of Adani Ports, JSW Infra, GMR Airports fell on Monday as Iran blocks Strait of Hormuz. Analysts fear rising freight rates, and LNG, LPG costs may hurt imports and EXIM cargo
Nomura has initiated coverage on JSW Infrastructure and assumed coverage on Adani Ports; here's why