Buy CESC, target price Rs 905: Motilal Oswal

Motilal Oswal has buy call on CESC with a target price of Rs 905. The current market price of CESC Ltd. is Rs 775.4 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 10216.83 Crore) operating in Power sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3003.00 Crore, up 16.35 % from last quarter Total Income of Rs 2581.00 Crore and up 18.51 % from last year same quarter Total Income of Rs 2534.00 Crore. Company reported net profit after tax of Rs 429.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 49.9 per cent stake in the company as of March 31, 2021, while FIIs held 0 per cent, DIIs 38.6 per cent and public and others 11.5 per cent.