Archive · 25 Jul 2025
Emkay Global Sees 28% Upside for CESC Shares
Imagine a company called CESC that deals with energy.
A financial expert, Emkay Global, thinks CESC's stock price will go up.
They believe this because CESC is expanding its renewable energy sources, like solar and wind power.
This should make the company's earnings grow by about 25% each year.
The analysts think CESC will also get more money because it'll sell its power more easily.
These positive changes are expected to help the company earn a lot more in the next few years.
The expert suggests buying the stock, expecting a good profit.
Emkay Global initiated coverage on CESC with a 'Buy' rating.
The brokerage has set a price target of ₹225, implying a 28% upside.
CESC's RE capacity expansion is expected to drive 25% annual growth.
Emkay anticipates 9% revenue CAGR from FY25-28E due to offtake arrangements.
Net profit is projected to grow at 11% annually during FY25–28.
- Who
- Emkay Global and CESC
- What
- Emkay Global initiated coverage on CESC.
- When
- FY25-FY29, and FY25-28
- Where
- N/A
- Why
- Emkay Global expects growth due to RE expansion and power offtake arrangements.
- Rating
- Buy
- Price Target
- ₹225
- Upside
- 28%
- RE Capacity Growth (Annual)
- 25% (FY25-FY29)
- Revenue CAGR
- 9% (FY25-28E)
- Net Profit Growth (Annual)
- 11% (FY25–28)