Nomura: India's ports are expected to achieve a throughput growth of 4.7% in the next five years.

Nomura analysts stated in a research report that supported by strong growth in container freight volume, the compound annual growth rate of throughput for Indian ports during the fiscal years 2025 to 2030 could reach 4.7%. These analysts pointed out that the country's port industry enjoys a benign competitive environment, as the capital-intensive nature of the market and regulatory requirements have raised barriers to entry for new private participants. With healthy capacity expansion, increased efficiency, and end-to-end logistics solutions, existing private participants are expected to gain more market share of throughput. Nomura initiated coverage on Adani Ports & Special Economic Zone and JSW Infrastructure for the first time, giving buy ratings with target prices of 1,850.00 Indian Rupees and 340.00 Indian Rupees respectively. The latest stock prices for these two companies are 1,542.35 Indian Rupees and 254.75 Indian Rupees.