CESC Ltd. News and Updates

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

Keep track of all breaking news on CESC Ltd. from all sources in a single place.

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CESC Ltd.

09 Aug 2023

159.01

1.17%

Buy CESC; target of Rs 100: Emkay Global Financial

Moneycontrol

Emkay Global Financial is bullish on CESC has recommended buy rating on the stock with a target price of Rs 100 in its research report dated August 06, 2023.

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

Buy CESC; target of Rs 93: Sharekhan

Moneycontrol | 09 Aug 2023

CESC Ltd.

13 Jul 2023

159.01

1.17%

CESC expects strong growth in 2023-24 driven by economy and electricity demand

Business Line

CESC provided over 1,06,101 new connections in 2022-23 and has witnessed a surge in digital payments

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

CESC Ltd.

19 Jun 2023

159.01

1.17%

Bengal power minister meets CESC officials to discuss power cuts issue

Business Standard

West Bengal Power Minister Aroop Biswas on Monday held a meeting with top CESC officials to discuss the issue of power cuts in the city and its adjoining areas. Kolkata, Sreerampore, Barrackpore, Dum Dum and Howrah have been witnessing frequent power cuts since the past fortnight. Expressing concern, Biswas said the power cuts were tarnishing the image of the state government. He directed the power utility company to ensure uninterrupted power supply and increase manpower to carry out fault repairs without delay. CESC had earlier claimed that transformers were tripping because people were installing air conditioners in violation of sanctioned load.

CESC Ltd. is trading above its 100 day SMA of 155.4

CESC Ltd.

24 May 2023

159.01

1.17%

Buy CESC; target of Rs 85: Sharekhan

Moneycontrol

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.

CESC Ltd. is trading above its 100 day SMA of 155.4

CESC Ltd.

22 May 2023

159.01

1.17%

CESC March quarter profit up marginally at 433 crore

livemint

For FY23, CESC's consolidated net profit saw a marginal decline of 1.2%, but the company's overall revenue grew by 13.6% to 14,246 crore

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

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

Business Standard | 22 May 2023 3 more

CESC Ltd.

11 May 2023

159.01

1.17%

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

Business Standard

Amp Energy India on Thursday said it has won a 150 MW hybrid energy project from CESC Limited. It has won the wind-solar project through its subsidiary Amp Green Energy Private Ltd at a tariff of Rs 3.07 per unit. The tariff discovered was the lowest in the bid, Amp Energy India said in a statement. The power purchase agreement (PPA) for this project will be executed accordingly with discom CESC Ltd. "By combining wind and solar energy in a single project, we can optimize land use, improve power generation, and reduce the intermittency of the system. We are happy to provide green power to eastern India through CESC, one of India's leading integrated utility companies," Pinaki Bhattacharyya, MD and CEO, Amp Energy India said.

CESC Ltd. is trading below its 150 day SMA of 165.6

CESC Ltd.

21 Feb 2023

159.01

1.17%

Broker's Call: CESC (Buy)

Business Line

Sharekhan

CESC Ltd. is trading below its 150 day SMA of 165.6

CESC declares 450% dividend, share trading at a dividend yield of 5.81%

livemint | 21 Feb 2023 1 more

CESC Ltd.

18 Feb 2023

159.01

1.17%

Buy CESC; target of Rs 95: Sharekhan

Moneycontrol

Sharekhan is bullish on CESC has recommended buy rating on the stock with a target price of Rs 95 in its research report dated February 17, 2023.

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

CESC Ltd.

15 Feb 2023

159.01

1.17%

Steady quarter

Buy: CESC Ltd.

ICICI Securities Limited

CESC’s reported consolidated revenues for Q3FY23 were up 11.3% YoY to Rs34.6bn, while EBITDA was flat YoY at Rs8.3bn and PAT down 3% YoY at Rs3.2bn. Key factors impacting consolidated profit during Q3FY23 included: 1) 104% YoY increase in Noida Power profit at Rs550mn on higher power demand and incentives; 2) steady performance of the Kolkata distribution business;