Bullish on CESC: Dilip Bhat

In a chat with ET Now, Dilip Bhat, Joint Managing Director, Prabhudas Lilladher shares his view on CESC.

ET Now: What is your call on CESC?

Dilip Bhat: Based on the core business it should have got a much better valuation but people somewhere or the other have always got that feeling that may be they are not utilising the cash properly and the first source was probably being shown as an example.

But it is good that they are turning the company around very well and on all the parameters they have shown a very good improvement but seriously something which you cannot ignore is that they are still generating something like Rs 400 crore every year which is a very significant amount of cash and people will value that cash sooner than later.