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

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

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