CESC shares rise; Deutsche Bank starts with buy

Shares of CESC Ltd rise after Deutsche Bank initiates coverage with a "buy" rating and a target price of 625 rupees for the power utility and retailer.

Deutsche cites optimism about CESC's core power business, a turnaround in its retail operations and its potential earnings growth.

CESC shares gained 2.1 percent to 462 rupees at 10:12 a.m.

EDITORIAL OF THE DAY

  • Census shows urgent steps are needed to dispel rural despair

    The much delayed Socio-Economic and Caste Census, 2011, has finally seen the light of day, and going by its conclusions, it couldn’t have come a day

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Taslima Nasreen

Gender stereotyping needs to end

It was around 1993 when some women working in Bangladesh’s ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Shona Adhikari

Paint brush in hand, head in the clouds

This week we bring you a variety of art news. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture