February 21, 2017 / 15:16 IST
Edelweiss' research report on CESC The CESC stock saw a major 30% run-up following management’s impending restructuring plans, which could unlock value in business and help the remaining business get valued in line with peer-set. In this context the Q3FY17 result, despite the miss in EBITDA and net income, is a non event.
Outlook
Going forward, an interesting strategy that CESC seems to be pursuing is higher exposure to low capital intensive distribution businesses, which could enable it to meet our capex and FCF generation estimates over next few years. At our revised TP of INR 935 (INR 628), we maintain ‘BUY’.
For all recommendations, 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. 
Read More
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
