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Buy CESC, target Rs 810: Manas Jaiswal

Buy CESC Ltd. at a price target of Rs 810.0 and a stoploss at Rs 774 from entry point.

ETMarkets.com|
Updated: Jun 26, 2019, 09.03 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on CESC Ltd. with a target price of Rs 810. The current market price of CESC Ltd. is Rs 787.85. Time period given by the analyst is Intra Day when CESC Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 774. CESC Ltd., incorporated in 1978, has a market cap of Rs 10443.51 crore.

CESC Ltd. key Products/Revenue Segments include Electricity which contributed Rs 7595.12 Crore to Sales Value (97.55 % of Total Sales) and Other Operating Revenue which contributed Rs 190.72 Crore to Sales Value (2.44 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 1662.00 Crore, down -2.64 % from last quarter Sales of Rs 1707.00 Crore and down -7.41 % from last year same quarter Sales of Rs 1795.00 Crore Company has reported net profit after tax of Rs 309.00 Crore in latest quarter. The company’s top management includes Mr.Chandra Kumar Dhanuka, Mr.Debasish Banerjee, Mr.Kalaikuruchi Jairaj, Mr.Pradip Kumar Kaitan, Mr.Pratip Chaudhuri, Mr.Rabi Chowdhury, Mr.Sanjiv Goenka, Ms.Rekha Sethi. Company has S R Batliboi & Co. LLP as its auditoRs As on 31-03-2019, 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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