The Economic Times

JP Morgan initiates coverage on Adani Ports, JSW Infrastructure with overweight ratings; shares rally 2%

Adani Ports and JSW Infrastructure shares saw gains after JP Morgan initiated coverage with overweight ratings. The brokerage sees strong growth in India's ports sector. JP Morgan has set price targets for both companies, anticipating significant expansion and revenue growth. Both firms are investing in logistics and warehousing, diversifying their operations. Their financial health remains robust despite expansion plans.