Buy CESC, target Rs 764: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on CESC Ltd. with a target price of Rs 764. The current market price of CESC Ltd. is Rs 733.25. Time period given by the analyst is Intra Day when CESC Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 715. CESC Ltd., incorporated in 1978, is a midcap company with a market cap of Rs 9719.75 crore. CESC Ltd. key Products/Revenue Segments include Electricity which contributed Rs 7595.12 Crore to Sales Value (97.55 % of Total Sales) and Other Operating Revenue which contributed Rs 190.72 Crore to Sales Value (2.44 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 1707.00 Crore, down -23.11 % from last quarter Sales of Rs 2220.00 Crore and up .06 % from last year same quarter Sales of Rs 1706.00 Crore Company has reported net profit after tax of Rs 173.00 Crore in latest quarter. The company’s top management includes Mr.Chandra Kumar Dhanuka, Mr.Debasish Banerjee, Mr.Kalaikuruchi Jairaj, Mr.Pradip Kumar Kaitan, Mr.Pratip Chaudhuri, Mr.Rabi Chowdhury, Mr.Sanjiv Goenka, Ms.Rekha Sethi. Company has S R Batliboi & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 132,557,043 shares outstanding.