Buy CESC, target Rs 910: Edelweiss Financial Services

Edelweiss Financial Services has a buy call on CESC Ltd. with a target price of Rs 910.0 .The current market price of CESC Ltd. is 903.55 Time period given by analyst is Intra Day when CESC Ltd. price can reach defined target. Edelweiss Financial Services recommended to keep stoploss at Rs 830.0 .

CESC Ltd., incorporated in the year 1978, is a largecap company (having a market cap of ₹ 11387.98 Cr.) operating in Power sector.

CESC Ltd. key Products/Revenue Segments include Electricity which contributed ₹ 6434.44 Cr to Sales Value (99.09 % of Total Sales) and Other Operating Revenue which contributed ₹ 58.63 Cr to Sales Value (0.90 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 1574.00 Cr., down -19.41% from last quarter Sales of ₹ 1953.00 Cr. and up 3.08% from last year same quarter Sales of ₹ 1527.00 Cr. Company has reported net profit after tax of ₹ 152.00 Cr. in latest quarter. The company’s CEO is Mr.Aniruddha Basu. It's Board of Directors include Mr.Subhasis Mitra, Mr.Aniruddha Basu, Mr.Brij Mohan Kaitan, Mr.Chandra Kumar Dhanuka, Mr.Kalaikuruchi Jairaj, Mr.Pradip Kumar Kaitan, Mr.Pratip Chaudhuri, Mr.Rajarshi Banerjee, Mr.Sanjiv Goenka, Mr.Subhasis Mitra, Ms.Rekha Sethi. Company has its registered office at South West,, P -18 Taratolla Road , Kolkata, 700088, West Bengal. Company has LoveLock & Lewes as its auditors. As on 31-12-2016, the company has a total of 132,538,811 shares outstanding.