Analysts' Pick: MID CAP: Angel Broking and Bonanza Portfolio
It’s net revenue grew 15.5% to Rs 754 cr in the last quarter of FY2009. It clocked 16.2% increase in operating profit at Rs 165cr during the period.
CMP: Rs 350
It���s net revenue grew 15.5% to Rs 754 cr in the last quarter of FY2009. It clocked 16.2% increase in operating profit at Rs 165cr during the period. Also, operating margins moved up by 20bp to 21.9%.
We ex-pect CESC to maintain its margins at above 20% levels. The company targets to expand its power generation capacity to 4,150MW by FY2013.
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