CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 7695.60 Crore) operating in Power sector.
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2990.00 Crore, up 23.55 % from last quarter Sales of Rs 2420.00 Crore and down -.66 % from last year same quarter Sales of Rs 3010.00 Crore Company reported net profit after tax of Rs 357.00 Crore in latest quarter.
It maintains BUY rating on CESC with a target price of Rs851/share. The stock is currently trading at FY22E P/E of 6.4x and P/BV of 0.7x.
Promoters held 49.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 16.7 per cent, DIIs 24.9 per cent and public and other 8.4 per cent.