Shares of company jump 9% after getting big job from Railways, Adani competes with this company

JSW Infrastructure Share Price: Shares of JSW Infrastructure again witnessed a sharp rise today, a company that has managed to deliver multibagger returns. The company’s stock rose 9 percent to hit a 52-week high today. Share of JSW Infrastructure on BSE is Rs. opened at 330.75. But after some time the shares of the company reached the level of Rs 358.75. The company is at a 52-week high on the BSE.

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Shares of JSW Infrastructure have seen a gain of 11 percent in the last 2 sessions. The company’s share price has increased by 124 percent in the last one year.

The company has received many works from the railways

Next time focus will be on JSW infrastructure stocks. The company got the work from the Railways last week. Chennai division has given this work to the company. JSW’s driving force is to build a multimodal cargo terminal.

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Discussion of buying stake in this company

The company recently informed that it has started the process of buying 70.37 percent stake in Navkar Corporation. Some reports have claimed that the company is ready to bid again for the Tajpur port. The report claims that the company may bid higher than last time. Let us tell you that in the previous tender, Adani Ports emerged as the largest bidder. The bid was made in October 2022.

JSW Infrastructure handled 107 million tonnes of cargo last year. Adani Ports and JSW Infrastructure together handled 34 percent of the total cargo last year, reports Prabhudas Leeladhar. During the last 3 SaaS, the growth rate of JSW infrastructure has been 32 percent. While the growth of Adani Ports during this period was 18 percent.

(This is not investment advice. Stock market is subject to risks. Consult experts before making any investment.)

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