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CESC Shares Rise After Deutsche Bank Starts Coverage With 'Buy'
07 May 2014, 10:24 AM IST
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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