Brokerages Initiate Buy Ratings on JSW Infra, Adani Ports, and Northern Arc Capital

Nomura has initiated coverage on JSW Infrastructure and assumed coverage on Adani Ports, assigning 'Buy' ratings and highlighting their strong positions in India's private port sector due to high entry barriers and financial advantages over state-run peers. Separately, Motilal Oswal initiated a 'Buy' rating on Northern Arc Capital, emphasizing its shift to direct-to-customer lending and growing fee income, which are expected to enhance profitability and diversify revenue streams.