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Last Updated : Jul 02, 2019 12:21 PM IST | Source: Moneycontrol.com

Buy CESC; target of Rs 905: Sharekhan

Sharekhan is bullish on CESC has recommended buy rating on the stock with a target price of Rs 905 in its research report dated July 01, 2019.

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Sharekhan's research report on CESC


Turnaround of Dhariwal Infrastructure and moderation of losses at distribution franchisee to improve earnings outlook. Standalone business to clock steady earnings and cashflows. Valuation at 9x FY2021E EPS and 0.9x FY2021E book value seems attractive.


Outlook


We maintain our Buy rating on CESC Limited (CESC) with a revised SoTP-based PT of Rs. 905.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Jul 2, 2019 12:21 pm
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