Buy CESC, target price Rs 110: Elara Capital

Elara Capital has buy call on CESC with a target price of Rs 110. The current market price of CESC Ltd. is Rs 77.4.
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 10259.92 Crore) operating in Power sector.


CESC Ltd. key Products/Revenue Segments include Electricity and Other Operating Revenue for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 4293.00 Crore, up 25.53 % from last quarter Total Income of Rs 3420.00 Crore and up 28.42 % from last year same quarter Total Income of Rs 3343.00 Crore. Company reported net profit after tax of Rs 297.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 52.11 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.93 per cent, DIIs 21.34 per cent.