Buy CESC, target Rs 1,080: Dr CK Narayan
Buy CESC at a price target of Rs 1,080 and a stop loss at Rs 1,045 from entry point.
By ETMarkets.com |
Dr CK Narayan of Chart Advise has a buy call on CESC with a target price of Rs 1,080.
The current market price of CESC is Rs 1,057.7.
Time period given by analyst is intraday when CESC price can reach defined target.
Dr CK Narayan recommended to keep stoploss at Rs 1,045.
CESC, incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 14,020.56 Crore) operating in Power sector.
CESC key Products/Revenue Segments include Electricity which contributed Rs 6979.69 Crore to Sales Value (96.67 per cent of Total Sales) and Other Operating Revenue which contributed Rs 240.38 Crore to Sales Value (3.32 per cent of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 2184 Crore, up 38.93 per cent from last quarter Sales of Rs 1572 Crore and up 15.68 per cent from last year same quarter Sales of Rs 1888 Crore.
Company has reported net profit after tax of Rs 178 Crore in latest quarter.
The company’s top management includes Mr.Aniruddha Basu, Mr.Brij Mohan Kaitan, Mr.Chandra Kumar Dhanuka, Mr.Kalaikuruchi Jairaj, Mr.Pradip Kumar Kaitan, Mr.Pratip Chaudhuri, Mr.Sanjiv Goenka, Ms.Rekha Sethi.
Company has LoveLock & Lewes as its auditors.
As on 30-06-2017, the company has a total of 132,557,043 shares outstanding.
The current market price of CESC is Rs 1,057.7.
Time period given by analyst is intraday when CESC price can reach defined target.
Dr CK Narayan recommended to keep stoploss at Rs 1,045.
CESC, incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 14,020.56 Crore) operating in Power sector.
CESC key Products/Revenue Segments include Electricity which contributed Rs 6979.69 Crore to Sales Value (96.67 per cent of Total Sales) and Other Operating Revenue which contributed Rs 240.38 Crore to Sales Value (3.32 per cent of Total Sales)for the year ending 31-Mar-2017.
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For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 2184 Crore, up 38.93 per cent from last quarter Sales of Rs 1572 Crore and up 15.68 per cent from last year same quarter Sales of Rs 1888 Crore.
Company has reported net profit after tax of Rs 178 Crore in latest quarter.
The company’s top management includes Mr.Aniruddha Basu, Mr.Brij Mohan Kaitan, Mr.Chandra Kumar Dhanuka, Mr.Kalaikuruchi Jairaj, Mr.Pradip Kumar Kaitan, Mr.Pratip Chaudhuri, Mr.Sanjiv Goenka, Ms.Rekha Sethi.
Company has LoveLock & Lewes as its auditors.
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As on 30-06-2017, the company has a total of 132,557,043 shares outstanding.
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