CESC Ltd. News and Updates

Name: Latest research reports of CESC Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: CESC Ltd.
Rating: 5
Author: Sharekhan

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CESC Ltd.

06 Nov 2020

162.65

2.34%

CESC posts Rs 371 crore net profit for September quarter

Moneycontrol

The company had posted a consolidated net profit of Rs 366 crore in the corresponding period of last year, a BSE filing said.

CESC Ltd. is trading below its 150 day SMA of 165.4

CESC Ltd.

10 Sep 2020

162.65

2.34%

Buy CESC: target of Rs 851: ICICI Securities

Moneycontrol

ICICI Securities is bullish on CESC recommended buy rating on the stock with a target price of Rs 851 in its research report dated September 09, 2020.

CESC Ltd. is trading below its 150 day SMA of 165.4

CESC Ltd.

09 Sep 2020

162.65

2.34%

Covid-19, cyclone Amphan batter CESC, subsidiaries hold out hope

livemint

With the government easing restrictions and industry, commercial activities resuming, the mainstay Kolkata electricity distribution business can improve in the current quarter

CESC Ltd. is trading below its 150 day SMA of 165.4

CESC Ltd.

09 Sep 2020

162.65

2.34%

Buy CESC; target of Rs 760: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on CESC recommended buy rating on the stock with a target price of Rs 760 in its research report dated September 08, 2020.

CESC Ltd. has an average target of 195.00 from 1 broker.

Buy CESC; target of Rs 825: Sharekhan

Moneycontrol | 09 Sep 2020

CESC Ltd.

08 Sep 2020

162.65

2.34%

CESC

Buy: CESC Ltd.

Sharekhan

CESC Limited's (CESC) Q1FY2021 standalone PAT declined by 38.2% y-o-y (down by 46.4% q-o-q) to Rs. 134 crore, below our estimate of Rs. 193 crore due to lower plant-load factor (PLF) based incentive income as volume slumped by 30.7% y-o-y to 2,118 million units and higher per unit cost of electricity purchased (up 15% y-o-y). However, the decline of 14.7% y-o-y in the consolidated PAT to Rs. 198 crore was much lower as compared to the decline in PAT for the standalone business due to: 1) better profitability of Dhariwal Infrastructure (PAT of Rs. 24 crore versus a net loss of Rs. 24 crore in Q1FY2020) and 2) reduction in losses at distribution franchisee...

CESC Ltd. is trading above its 100 day SMA of 155.2

CESC Ltd.

08 Sep 2020

162.65

2.34%

S/A impacted by lower volumes

Buy: CESC Ltd.

Target

Motilal Oswal

This, given the lack of a revised tariff order, impacted efficiency Consolidated PAT decreased ~15% YoY to INR2.0b in the quarter, partly supported by an improved performance at Dhariwal. Dhariwal reported profit of INR240m (v/s loss of ~INR240m in 1QFY20) on account of a new PPA signed and the pass-through of higher coal cess in tariff. Dhariwal had signed a 185MW PPA with Maharashtra in 3QFY20, and the same has been extended up to 31 Losses at DFs in Rajasthan declined to INR330m in 1QFY21, from INR530m in 1QFY20, despite lower demand. The stock trades at an attractive ~6x FY22E P/E, even as earnings visibility at Dhariwal improves, and factoring the tightening of norms at Haldia and S/A. We also expect the performances of DFs to improve as it gains a better understanding of the circles and leverages from its experience in CESCs generation assets generate healthy FCF.

CESC Ltd. is trading below its 150 day SMA of 165.4

CESC Ltd.

02 Jul 2020

162.65

2.34%

Buy CESC target of Rs 825: Sharekhan

Moneycontrol

Sharekhan is bullish on CESC has recommended buy rating on the stock with a target price of Rs 825 in its research report dated June 30, 2020.

Number of FII/FPI investors decreased from 260 to 230 in Mar 2025 qtr

CESC Ltd.

01 Jul 2020

162.65

2.34%

Hold CESC; target of Rs 700: ICICI Direct

Moneycontrol

ICICI Direct recommended hold rating on CESC with a target price of Rs 700 in its research report dated June 30, 2020.

CESC Ltd. has an average target of 195.00 from 1 broker.

Buy CESC; target of Rs 793: Motilal Oswal

Moneycontrol | 01 Jul 2020 1 more

CESC Ltd.

30 Jun 2020

162.65

2.34%

CESC

Buy: CESC Ltd.

Target

Sharekhan

Loss at Dhariwal Infrastructure reduced to Rs. 10 crore in FY2020 as compared to Rs. 93 crore in FY2019. Loss at distribution franchisee shrunk to Rs. 38 crore in FY2020 as compared to Rs. 60 crore in FY2019....

CESC Ltd. is trading above its 100 day SMA of 155.2

CESC Ltd.

30 Jun 2020

162.65

2.34%

CESC

Hold: CESC Ltd.

Recommendation Target

ICICI Securities Limited

CESC reported a decent operational performance in Q4FY20. Revenues were in line with estimates while lower other expenses led to a beat in EBITDA. However, a shortfall in other income negated the EBITDA beat. Consequently, PAT was marginally lower than estimates. However, on the subsidiaries front, the performance of all generation and distribution...