JSW Infrastructure shares hit record high; stock up over 50% in six months
A order wins & contracts development with market-wide reach.
· Business Today Mkts
The company earlier this month stated that its subsidiary, JSW Port Logistics Pvt Ltd, had received a Letter of Intent (LOI) from the Inter-Ministerial Committee, Ministry of Finance, Department of Revenue and Central Board of Indirect Taxes and Customs, for setting up an Inland Container Depot (ICD) at Kudathini in Ballari district, Karnataka.
The analysis
A large order lengthens revenue visibility, which is what the market pays a premium for in capital-goods and infra names.
Market context
- The immediate tone of coverage reads positive.
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