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    Buy CESC, target price Rs 120: ICICI Securities

    Synopsis

    CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 12069.32 Crore) operating in Power sector.

    BuyiStock
    Promoters held 49.92 per cent stake in the company as of 30-Jun-2021, while FIIs owned 13.38 per cent, DIIs 23.57 per cent.
    ICICI Securities has buy call on CESC with a target price of Rs 120. The current market price of CESC Ltd. is Rs 91.35.
    Time period given by analyst is one year when CESC Ltd. price can reach defined target.

    CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 12069.32 Crore) operating in Power sector.

    CESC Ltd. key Products/Revenue Segments include Electricity and Other Operating Revenue for the year ending 31-Mar-2021.

    Financials
    For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 3560.00 Crore, up 6.49 % from last quarter Total Income of Rs 3343.00 Crore and up 18.27 % from last year same quarter Total Income of Rs 3010.00 Crore. Company reported net profit after tax of Rs 340.00 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 49.92 per cent stake in the company as of 30-Jun-2021, while FIIs owned 13.38 per cent, DIIs 23.57 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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