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CESC Shares Rise After Deutsche Bank Starts Coverage With 'Buy'

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Shares of CESC Ltd rose after Deutsche Bank initiated its coverage with a "buy" rating and a target price of Rs 625 for the power utility and retailer.

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

CESC shares gained 2.1 per cent to Rs 462 at 10:12 a.m.

Copyright: Thomson Reuters 2014

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