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Last Updated : Dec 22, 2015 06:43 PM IST | Source:

Buy CESC; target of Rs 570:Firstcall

Firstcall is bullish on CESC and has recommended buy rating on the stock with a target price of Rs 570 in its research report dated December 21, 2015.

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Firstcall's reserach report on CESC

CESC limited is the flagship company of the R. P. Sanjiv Goenka Group. Registered in 1897, the Company is a fully integrated power utility engaged in the generation and distribution of electricity across 567 square kilometers of licensed area in Kolkata and Howrah, West Bengal. It serves 2.9 million consumers which include domestic, industrial and commercial users. CESC limited own & operate three thermal power plants generating 1125 MW of power. These are Budge Generating Station (750 MW), Southern Generating Station (135 MW), & Titagarh Generating Station (240 MW). From three generating stations, it accomplishes 88% of their customer’s electricity requirement and remaining 12% is achieved by purchase of electricity from third parties. More than 50% of coal is sourced from captive mines for generation of electricity in generating stations.

We recommend ‘BUY’ in this particular scrip with a target price of Rs. 570.00 for Medium to Long term investment.

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First Published on Dec 22, 2015 06:43 pm
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