Last Updated : Jan 08, 2019 12:49 PM IST | Source:

Buy CESC; target of Rs 801: Motilal Oswal

Motilal Oswal is bullish on CESC has recommended buy rating on the stock with a target price of Rs 801 in its research report dated January 07, 2019.

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Motilal Oswal 's research report on CESC

We believe CESC is well placed to benefit from the privatization of DISCOMs. It is amongst the few opportunities that offers a play on both distribution and generation. It is also amongst the few with a healthy balance sheet and strong FCF generation to drive growth.


We will incorporate the Malegaon circle in our numbers once the agreement is signed and contract terms are available. Re-iterate Buy with a TP of INR 801/share.

For all recommendations report, click here

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First Published on Jan 8, 2019 12:49 pm
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