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.

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