Motilal Oswal has buy call on CESC with a target price of Rs 873. The current market price of CESC Ltd. is Rs 697.8.
CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 9199.46 Crore) operating in Power sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2539.00 Crore, down 15.08 % from last quarter Sales of Rs 2990.00 Crore and up 8.32 % from last year same quarter Sales of Rs 2344.00 Crore.
Company reported net profit after tax of Rs 316.00 Crore in latest quarter.
Investment Rationale
Untied generation capacity and scale-up of DFs have the potential to boost earnings. The brokerage values the stock at 9x 1yr forward P/E. Maintain Buy, with TP of INR873/sh.
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.
CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 9199.46 Crore) operating in Power sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2539.00 Crore, down 15.08 % from last quarter Sales of Rs 2990.00 Crore and up 8.32 % from last year same quarter Sales of Rs 2344.00 Crore.
Company reported net profit after tax of Rs 316.00 Crore in latest quarter.
Investment Rationale
Untied generation capacity and scale-up of DFs have the potential to boost earnings. The brokerage values the stock at 9x 1yr forward P/E. Maintain Buy, with TP of INR873/sh.
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.
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