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Buy CESC, target Rs 1,050: Shrikant Chouhan

ETMarkets.com|
Nov 10, 2017, 08.38 AM IST
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Shrikant Chouhan of Kotak Securities Limited has a buy call on CESC with a target price of Rs 1,050.

The current market price of CESC is Rs 1,012.70.

Time period given by the analyst is intraday when CESC price can reach defined target.

Shrikant Chouhan recommended to keep stop loss at Rs 980.

CESC, incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 13,424.05 Crore) operating in Power sector.

CESC key Products/Revenue Segments include Electricity which contributed Rs 6,979.69 Crore to Sales Value (96.67 per cent of Total Sales) and Other Operating Revenue which contributed Rs 240.38 Crore to Sales Value (3.32 per cent of Total Sales)for the year ending 31-Mar-2017.

The company's top management includes Mr.Aniruddha Basu, Mr.Brij Mohan Kaitan, Mr.Chandra Kumar Dhanuka, Mr.Kalaikuruchi Jairaj, Mr.Pradip Kumar Kaitan, Mr.Pratip Chaudhuri, Mr.Sanjiv Goenka, Ms.Rekha Sethi.

Company has LoveLock & Lewes as its auditors.

As on 30-09-2017, the company has a total of 132,557,043 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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