Buy CESC, advises Pritesh Mehta

Pritesh Mehta, technical analyst of IIFL told CNBC-TV18, "In the last week of February CESC broke out from an inverted head and shoulder pattern, thereafter it went towards the peak of Rs 500 and failed to sustain at higher levels. There was a bit of retracement, it came lower and found support to its previous breakout point. The same level also concise with the support of its 52 day moving average, it has taken support last week and has continued its recovery, so buy the stock for a target of Rs 485."

The company's trailing 12-month (TTM) EPS was at Rs 52.78 per share. The stock's price-to-earnings (P/E) ratio was 8.97. The latest book value of the company is Rs 515.50 per share. At current value, the price-to-book value of the company was 0.92. The dividend yield of the company was 1.05 percent.