Buy CESC - Recommends Angel Broking

Angel Broking is bullish on CESC and has recommended buy rating on the stock with a target of Rs 380 in its May 3, 2011 research report. The CMP of CESC is Rs 287. At the CMP, the stock is trading at 6.9x FY-13E EPS and 0.7x FY-13E P/BV. Retail Business and real estate business of CESC is valued by them at Rs 15 & Rs 11 Per share.

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