JM Financial has reaffirmed its bullish stance on a clutch of infrastructure and port stocks, flagging upside potential ranging from about 21% to over 50% in select names such as JSW Infrastructure, Bharat Heavy Electricals and Gujarat Pipavav Port. In its latest set of company updates, the brokerage said order books remain strong and earnings visibility intact despite disruptions from the West Asia conflict and supply constraints. Larsen & Toubro and Adani Ports & Special Economic Zone also feature among its top calls, with steady execution and cargo resilience helping offset near-term pressures, while the broader theme across reports points to demand holding up even as global uncertainties linger.