Jefferies Is Bullish On Indian Ports, Raises Target Price On Adani Ports & JSW Infra
Jefferies on India Ports: Remains bullish on rise in private sector. Believes all-India port cargo to rise 6% CAGR in FY24-30E. Growth higher than 5% CAGR of the last 10 years.
Market opportunity: India handles 1.5 billion ton cargo along its 7,000 plus km coastline. Govt envisages handling 1.8-2.5 billion ton cargo by FY30. Petroleum products, coal including coastal shipping key bulk drivers. Expects private sector ports to be present in 80% of major capacity.
#jefferies #adaniport #stockmarket
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