Stocks to Buy: Elara Securities sees 75% upside for this power utility stock
According to Elara Securities, CESC is attractively positioned on the back of four key factors: stable and low-risk earnings from its regulated standalone operations in Kolkata and Haldia's distribution businesses; the potential for incremental earnings from its distribution franchise in Rajasthan; a strong balance sheet; and plans to invest in 3 GW of renewable energy assets.
According to Elara Securities, CESC is attractively positioned on the back of four key factors: stable and low-risk earnings from its regulated standalone operations in Kolkata and Haldia's distribution businesses; the potential for incremental earnings from its distribution franchise in Rajasthan; a strong balance sheet; and plans to invest in 3 GW of renewable energy assets.
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