The throughput at ports in India has been growing at 4% over the last five years (FY20– 25), whereas that of JSW Infra has grown 15% over the same period. As the second largest player in a consolidating sector, JSW Infra is one to watch out for.NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. ICICI Securities ReportJSW Infrastructure Ltd. reported a muted set of volumes at its ports at 29.4 million tonne, with organic growth flat at 28 mt and new acquisition adding 1.4mt in Q1 FY26. Volumes at its minor ports, Jaigarh and Dharamtar, were flat due to weakness in third-party cargo and a shutdown at Dolvi steel plant. We expect a higher volume growth in H2 aided by the full commissioning of LPG terminal at JNPT and an improvement in iron ore and coal cargo for its group steel company. JSW Infra is expanding its minor ports by 30% to meet the cargo requirements for its group’s expansion. It has also won new terminals at major ports which are under construction. Most of its new expansions may commission in FY27E. We expect this to create value for minority shareholders. Maintain Buy with a revised target price of Rs 365.Click on the attachment to read the full report:Paytm Q1 Results Review: Motilal Oswal Stays 'Neutral', Revises Target PriceDISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.Users have no license to copy, modify, or distribute the content without permission of the Original Owner.. Read more on Research Reports by NDTV Profit.