Buy CESC; target of Rs 801: Motilal Oswal
Motilal Oswal ‘s research report on CESC
We believe CESC is well placed to benefit from the privatization of DISCOMs. It is amongst the few opportunities that offers a play on both distribution and generation. It is also amongst the few with a healthy balance sheet and strong FCF generation to drive growth.
We will incorporate the Malegaon circle in our numbers once the agreement is signed and contract terms are available. Re-iterate Buy with a TP of INR 801/share.
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