Sharekhan is bullish on CESC has recommended buy rating on the stock with a target price of Rs 85 in its research report dated May 23, 2023.

Buy CESC; target of Rs 85: Sharekhan

Power utility CESC Ltd on Monday posted a flat consolidated net profit of Rs 445 crore during the quarter ended March 31, 2023.

CESC consolidated net profit remains flat at Rs 445 cr in March quarter

Its profit in January-March 2022 was at Rs 445 crore, the company said in a BSE filing.

CESC Q4 net profit remains flat at Rs 445 crore

Revenue from operations on standalone basis increased by around three per cent at ₹1,655 crore

CESC Ltd registers 2% rise in standalone net profit

Consolidated net profit for the quarter ended March 31 increased to 4.33 billion rupees ($52.95 million), compared with 4.24 billion rupees a year earlier, the RP - Sanjiv Goenka Group flagship company said in an exchange filing.

India’s CESC posts rise in Q4 profit as demand for electricity grows | The Financial Express

he board of directors of CESC Ltd is scheduled to meet on Monday (May 22) to consider and approve the audited financial results (standalone and consolidated) of the company for the fourth quarter and financial year ended on March 31, 2023.

CESC board to consider results today (May 22)

The company said, the contracted capacity of the project will be 150MW and would require a 250 MW of wind and solar capacity installation

Amp Energy wins CESC’s 150 MW ‘Wind-Solar Hybrid’ auction at Rs 3.07/unit

Amp Energy India on Thursday said it has won a 150 MW hybrid energy project from CESC Limited.

Amp Energy India bags 150 MW hybrid project from CESC via subsidiary

NMDC shares would turn ex-dividend today. NMDC had announced an interim dividend of Rs 3.75 per share. Today is also the record date for the same. The dividend will be paid on March 16.

ONGC, NMDC, BEML, PFC, CESC, Apollo Hospitals shares to turn ex-dividend today

CESC Ltd, Cera Sanitaryware Ltd, Adani Enterprises Ltd and Mahindra Lifespace Developers Ltd are among the other losers in the BSE’s ‘A’ group today, 24 February 2023.

Macrotech Developers Ltd leads losers in ‘A’ group

Broker’s Call: CESC (Buy)

Hasn't faired well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

CESC Limited is an integrated electrical utility and holding company. The Company is engaged in the generation and distribution of electricity across approximately 570 square kilometers of licensed area in Kolkata and Howrah, West Bengal.

CESC Ltd