“Cost pressures were seen in Q1. Standalone adjusted EBITDA fell by ~68% on a YoY basis. There is confidence around JSPL’s balance sheet and potential upsides,” the brokerage said.
Jefferies has shared an optimistic forecast for six logistics stocks, highlighting anticipated price hikes. Among them, Adani Ports is projected to rise by 20% from
Welspun Corp shares rose after its US subsidiary secured a record $412.5 million HFIW pipe order, lifting its global order book to $4.7 billion and
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