Kotak wrote in its note that even though the stock has corrected meaningfully, the drop is still not enough to offer an attractive entry point for a 'Buy'.

JSW Infra correction not enough for an upgrade to 'buy', Kotak says

JSW Infrastructure Shares in Focus Amid Kotak Upgrade to 'Reduce' from 'Sell'

Brokerage Firm Upgrades JSW Infrastructure to 'Reduce' from 'Sell'

Shares of JSW Infrastructure Ltd. are expected to be in focus after brokerage firm Kotak Institutional Equities recently upgraded the stock to 'Reduce' from 'Sell', indicating a less favorable view on the company's prospects.

Price Target Remains Unchanged at ₹270 per Share

Despite the upgrade, Kotak has kept its price target unchanged at ₹270 per share, which aligns with the stock's closing price on Thursday.

Kotak's Recent Interactions Give Confidence in Long-Term Opportunity

The brokerage firm has expressed confidence in JSW Infra's ability to leverage group synergies to generate reasonable returns on growth investments over the next five years.
Kotak also sees comfort in the recovery prospects at the Jaigarh port, where pricing actions and fresh investments could help regain market share in Maharashtra.

Key Concerns Remain Uncertain

Kotak has cautioned that the durability and sustainability of the company's growth trajectory remain uncertain at this stage, which is a key concern for investors.

Other Brokerages Maintain 'Buy' Recommendation

Most other brokerages tracking JSW Infrastructure maintain a 'Buy' recommendation on the stock, despite Kotak's upgrade to 'Reduce'.

JSW Infrastructure Shares Decline 17% in 2025

Shares of JSW Infrastructure ended marginally higher at ₹270 on Thursday, with the stock down 17% so far in 2025.

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