Should You Buy CESC Shares Now? Here Is HDFC Securities' View

HDFC Securities has recommended buying CESC for 4-6 quarters for a target of Rs 1,238 compared to its Friday's closing price of Rs 1,040. CESC, the flagship company of RP-Sanjiv Goenka group, is a vertically integrated power utility engaged in generation, transmission and distribution of electricity to the consumers in Kolkata and Howrah covering an area of 567 sq.km. and catering to over 3 million customers. It has a combined genera...