HSBC has upgraded JSW Infrastructure 's rating to hold and raised the target price to ₹280.00, signaling an improved outlook for the infrastructure company.

Rating Upgrade Details

The global brokerage firm has revised its stance on JSW Infrastructure, moving the rating to hold from its previous recommendation. This upgrade reflects HSBC's enhanced confidence in the company's business fundamentals and market positioning.

Target Price Revision

HSBC has set a target price of ₹280.00 for JSW Infrastructure shares. This price target represents the brokerage's assessment of the stock's fair value based on current market conditions and the company's business prospects.

The rating upgrade and target price revision indicate HSBC's positive view on JSW Infrastructure's operational performance and growth potential in the infrastructure sector. This development provides investors with updated guidance on the stock's investment merit according to HSBC's analysis.

JSW Infrastructure shares gained attention following HSBC's rating upgrade and revised price target on Tuesday, January 13. The global brokerage firm upgraded the infrastructure company's rating while expressing optimism about its long-term growth trajectory.

HSBC Rating and Price Target Details

HSBC upgraded JSW Infrastructure to 'hold' rating and set a price target of ₹280 per share. This target represents an upside potential of 5.6% from Monday's closing price, reflecting the brokerage's improved confidence in the company's prospects.

Growth Projections and Capacity Expansion

The brokerage highlighted JSW Infrastructure's ambitious growth plans and execution capabilities. HSBC expects the company to double its earnings before interest, tax, depreciation and amortisation (EBITDA) by FY28 compared to FY25 levels. Additionally, the company remains on track to achieve its FY30 port capacity target of 400 million tonnes per annum (MTPA).

HSBC praised the company's execution record, noting it provides comfort regarding the achievement of these ambitious targets. The brokerage's confidence stems from JSW Infrastructure's demonstrated ability to deliver on its expansion commitments.

Revised Financial Estimates

The brokerage made mixed adjustments to its financial projections for JSW Infrastructure. Weakness in the iron ore and coal trade prompted HSBC to reduce profit estimates for FY26-27. However, the firm raised its FY28 estimates to account for the company's new business ventures and diversification efforts.

Analyst Coverage and Stock Performance

Despite the upgrade, HSBC continues to prefer Adani Ports over JSW Infrastructure as its top pick within the infrastructure sector. The broader analyst community remains largely positive on the stock, with 13 out of 17 analysts maintaining 'buy' ratings, while two each have 'hold' and 'sell' ratings.

JSW Infrastructure shares have faced headwinds recently, declining 16.3% over the past six months. The stock ended the previous trading session 1.34% lower, reflecting ongoing market challenges in the infrastructure space.