CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 7889.80 Crore) operating in Power sector.
Promoters held 49.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 16.1 per cent, DIIs 25.6 per cent and public and others 8.4 per cent.
Motilal Oswal has given a buy rating to CESC with a target price of Rs 850. The share price moved down by 0.91 per cent from its previous close of Rs 601.10. The stock’s last traded price is Rs 595.65.
CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 7889.80 Crore) operating in Power sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2990.00 Crore, up 23.55 % from last quarter Sales of Rs 2420.00 Crore and down -.66 % from last year same quarter Sales of Rs 3010.00 Crore Company reported net profit after tax of Rs 357.00 Crore in latest quarter.
Investment Rationale Untied generation capacity and the scale-up of DFs have the potential to boost earnings. It values the stock at 9x one-year forward P/E.
Promoter/FII Holdings Promoters held 49.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 16.1 per cent, DIIs 25.6 per cent and public and others 8.4 per cent.
