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.
Jul 2, 2019 / 12:21 PM IST
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.
We maintain our Buy rating on CESC Limited (CESC) with a revised SoTP-based PT of Rs. 905.
For all recommendations report, click here
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