NSE: CESC | BSE: 500084 | ISIN: INE486A01013 |Industry: Electric Utilities
|Strong Performer, Under Radar
623.05 -4.70 (-0.75%)
NSE Jan 27, 2021 12:44 PM
Volume: 256.0K

CESC Ltd.    
13 Jan 2021
Motilal Oswal
CESC's 3Q results highlight volume recovery in the S/A business. Volumes in S/A were just 1% YoY lower (v/s 1H: -21% YoY). S/A PAT was up 3% YoY. Consol. PAT, on the other hand, grew 21% YoY, partly led by profit at Dhariwal and improved performance at Crescent & Surya. Performances at Dhariwal and distribution franchises (DFs) would continue to improve. Furthermore, the co. has declared an interim dividend of INR45/sh, highlighting the co.'s willingness to return excess cash. Despite factoring in the tightening of norms at Haldia and S/A, the stock trades...
CESC Ltd. is trading above it's 200 day SMA of 607.6
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