JP Morgan Initiates Overweight Ratings on Adani Ports and JSW Infrastructure

JP Morgan has initiated coverage on Adani Ports and JSW Infrastructure with overweight ratings, citing strong growth prospects in India's ports and logistics sector. The brokerage set price targets of Rs 1,944 for Adani Ports and Rs 310 for JSW Infrastructure based on fiscal 2028 EBITDA estimates. Both companies are expanding capacity and diversifying operations, supported by high entry barriers and industry consolidation. Despite recent stock gains, JP Morgan believes these growth drivers remain underappreciated by investors.