Hold CESC; target of Rs 900: ICICI Direct
ICICI Direct recommended hold rating on CESC with a target price of Rs 900 in its research report dated February 13, 2017.
ICICI Direct's research report on CESC
Hence, we have revised our SoTP based valuation methodology and revised the target price to Rs 900 from Rs 675 earlier. Given the run up in the stock, we maintain HOLD. However, any significant correction should be a buying opportunity.
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