JSW Infra Shares Soar 8% Despite Growth Cut: Brokerages Bullish on Long-Term Outlook

• JSW Infra shares surged 8.58% intraday, closing up 6.07% on BSE, defying a broader market downturn.
• The rally occurred despite JSW Infra cutting its near-term volume growth guidance for FY2026 from 8-10.5% to 5-6%.
• The positive sentiment is driven by the company's strong three-year outlook and ambitious capital expenditure plans of ₹9,000 crore between FY2025 and FY2030.
• Brokerage firms like Jefferies and JM Financial maintained 'buy' ratings, raising target prices to ₹360 and ₹400 respectively, citing high growth potential and low leverage.
• JSW Infra projects significant revenue and operating profit growth, with volume capacity expected to increase from 177 MTPA to 299 MTPA by FY2028.

Why It Matters: JSW Infra shares jumped due to a strong long-term outlook and bullish brokerage commentary, despite a near-term growth guidance cut.