Buy CESC, target price Rs 101: HDFC Securities

HDFC Securities has buy call on CESC with a target price of Rs 101. The current market price of CESC Ltd. is Rs 92.95.
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 12367.57 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 30-06-2021, the company reported a Consolidated Total Income of Rs 3343.00 Crore, up 11.32 % from last quarter Total Income of Rs 3003.00 Crore and up 35.62 % from last year same quarter Total Income of Rs 2465.00 Crore. Company reported net profit after tax of Rs 280.00 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.