APSEZ, JSW Infra rally up to 4%; what's driving port services stocks

Adani Ports, JSW Infra gain: Going forward, thrust of the Indian govt on augmenting multimodal connectivity, planned capex for enhancing ports capacity and rising coastal volumes augur well for ports.

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Adani Ports and Special Economic Zone and JSW Infra share price today

 

Shares of Adani Ports and Special Economic Zone (APSEZ) and JSW Infrastructure rallied up to 4 per cent on the BSE in Tuesday’s intra-day trade on strong business growth outlook.

 

JSW Infra gained 4 per cent at ₹313.80 in intra-day trade. Shares of APSEZ were up 2 per cent at ₹1,379 in intra-day deal amid heavy volumes. The average trading volumes at the counter jumped over three-fold with a combined 2.63 million equity shares changing hands on the NSE and BSE. In the past two trading days, the stock price of the Adani Group company has rallied 4 per cent. CATCH STOCK MARKET LIVE UPDATES TODAY 

What's driving ports & ports services stocks?

 

Overall cargo throughput at Indian ports is ~1590 MMT for the financial year ended March 31, 2025, representing year-on-year (YoY) growth of ~3 per cent (FY24: 7 per cent). The moderation in growth was due to decline in coal and iron ore volumes which was offset by healthy growth in container volumes. Coal and iron ore commodities constitute ~60 per cent of the coastal cargo movement with an increase in coastal volumes in the last three years ended FY25. 

 

CareEdge Ratings expects marginal growth of 2 per cent in cargo volumes at ports in FY26 considering geopolitical headwinds and decline in coal imports. Going forward, the thrust of the government of India on augmenting multimodal connectivity, planned capital outlay for enhancing ports capacity, rising coastal volumes and planned capacity addition in thermal power sector augur well for the sector.

 

JSW Infra reported a healthy growth in scale of operations in FY25 and Q1FY26, marked by steady increase in cargo volumes due to benefits from completed capacities and inorganic growth through acquisitions.