Investors seek more light on Adani Ports' strategy, says Jefferies

Investors are seeking deeper insights into Adani Ports and Special Economic Zone's APSE.NS plans as they see international expansion, logistics as new growth areas, says Jefferies

Notes investors concerned over recent Australian terminal deal's valuation even though they "like" co's portfolio, existing diverse client base

APSE closed 1.3% lower on April 21, the session following the deal announcement

Year-to-date, APSE loses 1%, outperforming rival JSW Infrastructure's JSWN.NS 6% decline

According to Jefferies, investors see little headroom for JSWN on risks of potential delays in JSW Steel's JSTL.NS capacity expansion plans; JSWN trading 77% premium to APSE

Adds investors agree JSWN a safe harbour amid tariff-led uncertainty

APSE flat; JSWN falls 0.7% on the day