Buy JSW Infrastructure; target of Rs 300: Motilal Oswal
Motilal Oswal is bullish on JSW Infrastructure has recommended buy rating on the stock with a target price of Rs 300 in its research report dated May 04, 2024.
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Motilal Oswal is bullish on JSW Infrastructure has recommended buy rating on the stock with a target price of Rs 300 in its research report dated May 04, 2024.
There are some sectors where the macro structure is such that for one or the other reasons the overall growth is higher. This is not to say that growth comes without phases of slowdown, but when tailwinds come they are able to take care of all the slowdown and over a period of time, growth is much better. The growth over a period of time ensures that in bearish markets the stocks are able to perform relatively well and when bulls are back they again are able to inch higher.
Average listing gain (based on closing price on listing date) increased to 29 per cent, in comparison to 9 per cent in 2022-23.
While FY24 saw firms from varied sectors tapping the IPO market, BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total IPO fundraising, compared with 51% in FY23.
JSW Infrastructure shares gained 4.27% to Rs 257.30 against the previous close of Rs 246.75 on BSE. Market cap of the firm rose to Rs 53,487 crore.