Investec initiates Buy rating on JSW Infra, predicts 15% upside on strong growth prospects

Investec has initiated coverage on JSW Infra with a ‘Buy’ rating and a target price of Rs 370, suggesting a 15% upside. The brokerage expects the company to achieve over 20% revenue and EBITDA growth from FY24-30, driven by third-party cargo and strong JSW Group traffic.