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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains buy on CESC
Nomura has maintained buy on CESC for target of Rs 603 per share. It says growth story is evolving for CESC and expects FY16-18 EBITDA/EPS CAGR at 11 per cent and 65 per cent. Expect CESC to be positive free cash flow starting in FY17F and net loss of Chandrapur project should decline.