# CESC (CESC) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/cesc

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹141.49
- Change: -0.05%
- As of: 2026-09-18
- 1D return: -0.02%
- 5D return: -4.10%
- 1M return: -9.63%
- Latest complete quarter: fy26_q4

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, CESC's technical stance is predominantly bearish across daily and weekly timeframes, with a conflicting bullish signal on the monthly chart. Daily indicators show the price below key moving averages like the 20-day EMA (148.03) and 50-day EMA (155.42), with a bearish Supertrend at 153.09, suggesting downward momentum. This is reinforced by the weekly view, where the price is also below its 20-week EMA (159.44), 50-week EMA (163.44), and a bearish Supertrend at 172.03. However, the monthly timeframe presents a different picture, with the price above a bullish Supertrend at 109.8, indicating potential underlying strength despite shorter-term weakness. The stock is currently trading near a pivot resistance level of ₹141.88, with immediate support identified at ₹140.56. Recent market activity shows a mix of positive and neutral events over the last 30 days, but a significant "volume with price move" anomaly occurred on September 9, 2026, with extreme upward severity. The stock's current drawdown is -0.29, with annualized volatility at 0.31.

- Daily and weekly timeframes indicate a bearish trend, with prices below key moving averages and Supertrend indicators.
- The monthly timeframe shows a bullish Supertrend, suggesting a potential conflict in trend signals.
- Nearest resistance is observed at the pivot level of ₹141.88, approximately 0.25% above the current price.
- Immediate support is located at ₹140.56, about 0.69% below the current price.
- Watch for a sustained break above ₹141.88 or a move below ₹140.56 to gauge the next directional move.

- Doji
- Bearish Engulfing Reversal
- Outside Bar
- Inside Bar
- Morning Star
- Harami
- Shooting Star

### News Context

CESC was highlighted by PL Capital as a stock with potential upside, with the firm expecting a 54% return. This view was part of a broader analysis comparing CESC with other power sector companies like Adani Energy, Tata Power, NTPC, and Power Grid, noting that several of these companies are positioned to benefit from upcoming power transmission projects. Separately, CESC's operational context in West Bengal was underscored by a report on the anticipated spike in power demand during Durga Puja. The state expects over 65,000 Pujas, with peak demand potentially exceeding 14,000 MW on October 13. Utilities, including CESC, are planning for 24x7 supply by utilizing additional market power to meet this demand.

- On September 18, 2026, PL Capital projected a 54% return for CESC, identifying it as having the highest expected upside among select power sector stocks.
- CESC was mentioned on September 15, 2026, in a list of stocks to watch for the week.
- West Bengal anticipates a significant increase in power demand, potentially crossing 14,000 MW on October 13, 2026, due to an expected rise in Durga Pujas.
- Utilities in West Bengal, including CESC, are preparing to ensure 24x7 power supply during the festival period by securing extra market power.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Stocks to watch, Sept 15: HDFC Bank, BSE, broking firms, HCL Tech, Deccan Gold Mines, CESC, Glenmark, BHEL, Patel Airtemp, Lenskart, Heidelberg, AU Small Fiance Bank, Gland Pharma
- 5K more Pujas this yr, power demand to spike

### What Changed

CESC Limited announced on September 17, 2026, that its Board of Directors will consider a proposal for issuing secured, unlisted, redeemable, rated non-convertible debentures on September 22, 2026. This corporate action is a recent development for the company. In terms of market sentiment, a report dated September 18, 2026, from PL Capital suggests CESC is expected to deliver a return of 54%, positioning it favorably among other power sector stocks like Adani Energy, Tata Power, NTPC, and Power Grid. The company's stock price has remained relatively stable, closing at ₹141.53 on September 18, 2026, a slight decrease from ₹141.56 on the previous day. No significant shifts in daily or weekly trends were observed.

- On September 17, 2026, CESC informed the exchange about a board meeting scheduled for September 22, 2026, to consider issuing secured, unlisted, redeemable, rated non-convertible debentures.
- A report on September 18, 2026, by PL Capital projects a 54% return for CESC, indicating a positive outlook from this external analyst.
- CESC's closing price on September 18, 2026, was ₹141.53, a marginal change from ₹141.56 on the prior day.
- No significant daily or weekly price trends were observed as of September 18, 2026.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- CESC Limited has informed the Exchange regarding 'Issue of Debt Securities '. |SUBJECT: Updates

### Official Filings

CESC Limited's Board of Directors is set to consider a proposal for issuing secured, unlisted, redeemable, rated non-convertible debentures on September 22, 2026. This potential debt issuance follows the company's confirmation of redeeming commercial paper on August 31, 2026. In other developments, CESC Limited has established two wholly owned subsidiaries, Purvah Nexgen Energy Private Limited and RPSG Nexgen Energy Private Limited, on September 8, 2026, each with an initial capital of ₹1,00,000, to pursue opportunities in the renewable power sector. Separately, a fire incident occurred at the Panihati Distribution Sub-station on September 13, 2026, which resulted in no injuries. The company reported restoring approximately 80% of the affected power supply within two hours and full restoration within three and a half hours. Insurers have been notified regarding the damage to plant and machinery, and an investigation is underway.

- The Board of Directors will consider issuing secured, unlisted, redeemable, rated non-convertible debentures on September 22, 2026.
- CESC Limited redeemed Commercial Paper (ISIN: INE486A14GF2) on August 31, 2026.
- Two wholly owned subsidiaries, Purvah Nexgen Energy Private Limited and RPSG Nexgen Energy Private Limited, were incorporated on September 8, 2026, with an initial capital of ₹1,00,000 each.
- A fire incident occurred at the Panihati Distribution Sub-station on September 13, 2026, with power supply restored within three and a half hours.
- The company held its 48th Annual General Meeting on September 11, 2026, where the auditors' report on the financial statements contained no qualifications or adverse remarks.

- CESC Limited has informed the Exchange regarding 'Issue of Debt Securities '. |SUBJECT: Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- CESC Limited has informed the Exchange regarding 'Voluntary Intimation Fire Incident at Panihati Distribution Sub-station'. |SUBJECT: Updates
- CESC Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 11, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results. |SUBJECT: Shareholders meeting
- MEETING DATE : 11-SEP-2026
- CESC Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- CESC LIMITED has informed the Exchange regarding Acquisition of to be incorporated companies |SUBJECT: Acquisition of 'to be incorporated companies'-XBRL
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal

### Fundamentals

CESC's reported results show a significant increase in Revenue From Operations for Q2 FY2025-26, reaching ₹10,469 crore. However, subsequent quarters, Q3 FY2025-26 and Q4 FY2025-26, saw substantially lower revenues of ₹4,005 crore and ₹4,096 crore, respectively. This revenue fluctuation impacted profitability, with Profit Before Tax (PBT) at ₹1,073 crore in Q2 FY2025-26, followed by ₹385 crore in Q3 FY2025-26 and ₹653 crore in Q4 FY2025-26. The company also reported Finance Costs of ₹700 crore in Q2 FY2025-26, which decreased to ₹343 crore in Q3 FY2025-26 and further to ₹317 crore in Q4 FY2025-26. Profit Loss For Period followed a similar trend, with ₹849 crore in Q2 FY2025-26, ₹304 crore in Q3 FY2025-26, and ₹459 crore in Q4 FY2025-26. The company's operating expenses, categorized as Other Expenses, were ₹1,137 crore in Q2 FY2025-26, ₹508 crore in Q3 FY2025-26, and ₹540 crore in Q4 FY2025-26. Investors may want to monitor the drivers behind the revenue volatility and the trend in finance costs.

- Revenue From Operations for Q2 FY2025-26 was ₹10,469 crore, declining to ₹4,005 crore in Q3 FY2025-26 and ₹4,096 crore in Q4 FY2025-26.
- Profit Before Tax stood at ₹1,073 crore in Q2 FY2025-26, decreasing to ₹385 crore in Q3 FY2025-26 and recovering to ₹653 crore in Q4 FY2025-26.
- Profit Loss For Period was ₹849 crore in Q2 FY2025-26, ₹304 crore in Q3 FY2025-26, and ₹459 crore in Q4 FY2025-26.
- Finance Costs decreased sequentially from ₹700 crore in Q2 FY2025-26 to ₹343 crore in Q3 FY2025-26 and ₹317 crore in Q4 FY2025-26.
- Other Expenses were ₹1,137 crore in Q2 FY2025-26, ₹508 crore in Q3 FY2025-26, and ₹540 crore in Q4 FY2025-26.

### Bull Case

An external analyst report from PL Capital suggests CESC is expected to deliver a 54% return, positioning it favorably compared to other power sector companies like Adani Energy, Tata Power, NTPC, and Power Grid. Additionally, the upcoming Durga Puja festival in West Bengal is anticipated to increase power demand, potentially benefiting utilities. West Bengal expects over 65,000 Durga Pujas this year, with peak power demand projected to exceed 14,000 MW on October 13th. Utilities are preparing for 24x7 supply by securing additional market power.

- PL Capital forecasts a 54% return for CESC, indicating a positive outlook relative to peers.
- West Bengal anticipates over 65,000 Durga Pujas, with peak power demand expected to surpass 14,000 MW on October 13th.
- Utilities are planning for 24x7 power supply during the festival period, including utilizing extra market power.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Stocks to watch, Sept 15: HDFC Bank, BSE, broking firms, HCL Tech, Deccan Gold Mines, CESC, Glenmark, BHEL, Patel Airtemp, Lenskart, Heidelberg, AU Small Fiance Bank, Gland Pharma
- 5K more Pujas this yr, power demand to spike

### Bear Case

The company's stock is currently trading below key moving averages, indicating a bearish trend on a daily and weekly basis. The closing price of ₹141.53 on September 18, 2026, is below the 20-day Exponential Moving Average (EMA) of ₹148.03 and the 50-day EMA of ₹155.42. Furthermore, the Supertrend indicator is showing a bearish signal at ₹153.09 for the daily timeframe. The stock has also experienced negative returns across various periods, including a 14% decline over the past year and a 15% year-to-date decrease. The current drawdown stands at -29%, with a maximum drawdown of -35% observed historically.

- As of September 18, 2026, the daily Supertrend indicator is bearish at ₹153.09.
- The stock's closing price of ₹141.53 on September 18, 2026, is below its 20-day EMA (₹148.03) and 50-day EMA (₹155.42).
- The company's stock has shown negative returns over multiple periods, including a 1-year return of -14% and a year-to-date return of -15%.
- The current drawdown for the stock is -29%, with a maximum drawdown of -35% recorded.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Stocks to watch, Sept 15: HDFC Bank, BSE, broking firms, HCL Tech, Deccan Gold Mines, CESC, Glenmark, BHEL, Patel Airtemp, Lenskart, Heidelberg, AU Small Fiance Bank, Gland Pharma
- 5K more Pujas this yr, power demand to spike

### FAQs

**What was the impact of the fire incident at the Panihati Distribution Sub-station on September 13, 2026?**

On September 13, 2026, a fire occurred at CESC Limited's Panihati Distribution Sub-station. There were no casualties or injuries. The company restored approximately 80% of the power supply within two hours and 100% within three and a half hours. Insurers have been notified about damage to plant and machinery, and an investigation is ongoing to determine the cause and enhance preventive measures.

**What is the company's outlook regarding debt issuance?**

CESC Limited's Board of Directors is scheduled to consider a proposal for issuing secured, unlisted, redeemable, rated non-convertible debentures on September 22, 2026. This was formally communicated to the National Stock Exchange and BSE Limited on September 17, 2026.

**How has CESC's stock performed recently, and what are its key technical indicators as of September 18, 2026?**

As of September 18, 2026, CESC's stock has experienced negative returns across various periods, including -0.16% in the last month, -0.14% in the last year, and -0.15% year-to-date. Daily technical indicators show a closing price of ₹141.53, with the SuperTrend indicator in a bearish direction at ₹153.09. Monthly indicators, however, show a bullish SuperTrend direction at ₹109.8, with a closing price of ₹141.53.

**What are the key support and resistance levels for CESC's stock?**

As of September 18, 2026, key technical levels for CESC include support at ₹140.56 (0.69% below current price) and resistance at ₹141.88 (0.25% above current price). Further resistance levels are noted at ₹142.89 and ₹143.79.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Stocks to watch, Sept 15: HDFC Bank, BSE, broking firms, HCL Tech, Deccan Gold Mines, CESC, Glenmark, BHEL, Patel Airtemp, Lenskart, Heidelberg, AU Small Fiance Bank, Gland Pharma
- 5K more Pujas this yr, power demand to spike
- CESC Limited has informed the Exchange regarding 'Issue of Debt Securities '. |SUBJECT: Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- CESC Limited has informed the Exchange regarding 'Voluntary Intimation Fire Incident at Panihati Distribution Sub-station'. |SUBJECT: Updates
- CESC Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 11, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results. |SUBJECT: Shareholders meeting
- MEETING DATE : 11-SEP-2026
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹141.88
- Risk regime: Price Risk Requires Attention

### Support levels
- 136
- 129.8
- 126.78

### Resistance levels
- 143.79250000000002
- 156.35875
- 160.24626953125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.02% |
| return_10 | -4.35% |
| return_1m | -15.75% |
| return_1y | -14.22% |
| return_20 | -9.63% |
| return_3m | -17.08% |
| return_5 | -4.10% |
| return_6m | -9.48% |
| return_since_start | -23.96% |
| return_ytd | -15.30% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -35.46% |
| annualized_volatility | +30.76% |

## Quarterly financials

- Latest complete quarter: fy26_q4

# Profit before tax rises 40% as lower finance costs and significant other income support earnings

In the fourth quarter of FY2025‑26, CESC reported profit before tax of ₹653 crore, up 40% from the same quarter last year. Revenue from operations grew 5.7% to ₹4,096 crore. The profit improvement was helped by a decline in finance costs and other expenses, while other income of ₹531 crore contributed heavily to the bottom line.

## Revenue and Profitability

Revenue from operations in Q4 was ₹4,096 crore, compared with ₹3,877 crore a year earlier and ₹4,005 crore in the preceding quarter. Revenue varied widely during the fiscal year, surging to ₹10,469 crore in the September quarter and then settling closer to the June quarter level of ₹5,202 crore in the later quarters.

Profit before tax rose to ₹653 crore, a 40.1% year‑on‑year increase and a 69.6% sequential rise. The tax charge was ₹194 crore (up from ₹81 crore in both the prior‑year and prior quarters), reflecting an effective tax rate of about 29.7%. Net profit after tax was ₹459 crore, up 19.2% year‑on‑year and 51% sequentially. Overall, profitability margins widened as profit before tax grew faster than revenue.

## Expense Composition

Cost of materials consumed was the largest expense at ₹2,471 crore, representing roughly 60% of revenue. Employee benefit expense was ₹332 crore, and depreciation amounted to ₹304 crore. Purchases of stock in trade were negligible at ₹10 crore.

Other expenses declined 11.5% year‑on‑year to ₹540 crore, from ₹610 crore, providing a support to profit. Finance costs fell to ₹317 crore, down 5.4% from ₹335 crore a year ago and 7.6% from ₹343 crore in Q3. Finance costs had been volatile earlier in the year, peaking at ₹700 crore in the September quarter, but have since moderated.

## Other Income

Other income stood at ₹531 crore, a substantial amount relative to revenue from operations. It accounted for approximately 81% of profit before tax, making it a key component of quarterly earnings.

## Earnings Per Share

Basic and diluted earnings per share from continuing operations were both ₹3.31, compared with ₹2.15 in Q3 and ₹2.81 in Q4 last year. No dilutive instruments were outstanding, as basic and diluted EPS are equal. There were no discontinued operations during the period.

## Key Takeaway

CESC’s fourth‑quarter profit before tax increased sharply, supported by modest revenue growth, lower finance costs, and a large contribution from other income. Lower other expenses and reduced finance costs helped boost earnings, while quarterly revenue patterns remained uneven.

### Ratios

## Official filings

- 2026-09-18 — Earnings Presentation: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_18092026173407_1.pdf)
- 2026-09-18 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CESC_18092026201217_1.pdf)
- 2026-09-17 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_17092026192330_1.pdf)
- 2026-09-17 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CESC_17092026205055_1.pdf)
- 2026-09-14 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_14092026181328_1.pdf)
- 2026-09-11 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_11092026210126_1.pdf)
- 2026-09-11 — Regulatory Filing: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1723846_11092026090621_WEB.xml)
- 2026-09-08 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_08092026192109_1.pdf)
- 2026-09-08 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1245_WebXMLFile_20260908_194249745.xml)
- 2026-09-08 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1245_WebXMLFile_20260908_194257011.xml)
- 2026-09-08 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1245_WebXMLFile_20260908_194443414.xml)
- 2026-08-31 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CESC_31082026152922_1.pdf)
- 2026-08-15 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_15082026104115_1.pdf)
- 2026-08-14 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1245_WebXMLFile_20260814_232942729.xml)
- 2026-08-14 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_14082026231718_1.pdf)
- 2026-08-14 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_14082026200457_FINAL.pdf)
- 2026-08-14 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_14082026204425_1.pdf)
- 2026-08-14 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1245_WebXMLFile_20260814_204944588.xml)
- 2026-08-13 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_13082026125903_1.pdf)
- 2026-08-13 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_13082026130735_1.pdf)
- 2026-08-13 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_13082026130053_1.pdf)
- 2026-08-13 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_13082026151536_1.pdf)
- 2026-08-13 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1245_WebXMLFile_20260813_173157805.xml)
- 2026-08-11 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_11082026155158_1.pdf)
- 2026-08-11 — Generic Announcement: CESC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CESC_11082026154937_1.pdf)

## News and market events

- 2026-09-18 — Mint: **Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital** — Adani Energy, Coal India, Tata Power, NTPC, and Power Grid are set to benefit from upcoming power transmission projects. According to PL Capital, CESC is expected to deliver the highest return of 54%, while NTPC and Power Grid also have positive outlooks. Check target price — [Source](https://www.livemint.com/market/stock-market-news/adani-energy-vs-cesc-vs-tata-power-vs-ntpc-vs-power-grid-which-stock-has-more-upside-target-price-by-pl-capital-11789725460017.html)
- 2026-09-15 — The Hindu: **Stocks to watch, Sept 15: HDFC Bank, BSE, broking firms, HCL Tech, Deccan Gold Mines, CESC,  Glenmark, BHEL, Patel Airtemp, Lenskart, Heidelberg, AU Small Fiance Bank, Gland Pharma** — Key developments this week include HDFC Bank’s leadership transition, regulatory changes for brokerages, BHEL’s significant investments, strategic partnerships in technology and mining, and major acquisitions and production milestones from Lenskart, Gland Pharma, and Elin Electronics. — [Source](https://www.thehindubusinessline.com/markets/stocks-to-watch-sept-15-hdfc-bank-bse-broking-firms-hcl-tech-deccan-gold-mines-cesc-glenmark-bhel-patel-airtemp-lenskart-heidelberg-au-small-fiance-bank-gland-pharma/article71466536.ece)
- 2026-09-14 — Times of India: **5K more Pujas this yr, power demand to spike** — West Bengal expects over 65,000 Durga Pujas; peak power demand may cross 14,000 MW on Oct 13. Utilities plan 24x7 supply with extra market power. — [Source](https://timesofindia.indiatimes.com/city/kolkata/5k-more-pujas-this-yr-power-demand-to-spike/articleshow/134246576.cms)
- 2026-09-09 — REDIFF.COM: **Gains for power stocks depend on execution, valuations** — India's power sector is undergoing a significant transformation, driven by a planned shift towards renewable energy and ambitious capacity expansion targets, with major players like NTPC, JSW Energy, Adani, and Tata Power prioritising predictable returns. However, execution challenges and valuation concerns remain critical factors for sustained growth. — [Source](https://www.rediff.com/business/report/india-power-sector-growth-renewables-capacity-expansion-and-investment-outlook/20260909.htm)
- 2026-09-03 — Mint: **High conviction picks: Up to 44% upside - 5 large caps, 9 mid and small caps stocks | Check share price target** — Discover high-conviction stock picks that analysts believe could yield significant returns amid market volatility. This article highlights five large-cap stocks and nine mid/small caps, detailing their target prices and potential upside.  — [Source](https://www.livemint.com/market/stock-market-news/high-conviction-picks-up-to-44-upside-5-large-caps-9-mid-and-small-caps-stocks-check-share-price-target-11788421872542.html)
- 2026-08-20 — BUSINESSTODAY: **Suzlon, IEX, Inox Wind, ACME, NTPC, Power Grid, Tata Power shares: Top 3 power stock ideas** — Suzlon, IEX, Inox Wind, ACME, NTPC, Power Grid, Tata Power shares: Top 3 power stock ideas — [Source](https://www.businesstoday.in/markets/stocks/story/suzlon-iex-inox-wind-acme-ntpc-power-grid-tata-power-shares-top-3-power-stock-ideas-550255-2026-08-20)
- 2026-08-19 — CNBC-TV18: **RailTel, Chennai Petroleum and other stocks, these are the top movers on Nifty 500 at market open today** — Some Nifty 500 stocks rallied on fresh work orders, rising crude prices and a new government incentive scheme, while others slid at market open. Here's a look at today's top gainers and losers — [Source](https://www.cnbctv18.com/photos/market/nifty-500-top-gainers-losers-market-open-railtel-chennai-petroleum-mahanagar-gas-sammaan-capital-share-price-19972363.htm)
- 2026-08-17 — MONEYCONTROL: **For CESC investors, renewable energy should yield dual benefits of stock rerating and growth** — CESC, opinion, MCPro — [Source](https://www.moneycontrol.com/news/opinion/for-cesc-investors-renewable-energy-should-yield-dual-benefits-of-stock-rerating-and-growth-14006816.html)
- 2026-08-14 — MONEYCONTROL: **Buy CESC; target of Rs 220: Prabhudas Lilladher** — Prabhudas Lilladher, CESC, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-cesc-target-of-rs-220-prabhudas-lilladher-14005480.html)
- 2026-08-13 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty below 24,400; TVS Srichakra jumps 8% after results** — Sensex Today | Stock Market LIVE Updates: We are in the second half of this Sensex weekly expiry session, and the markets are under pressure again, as the Nifty index falls close to 50 points, falling below 24,350. The Nifty bank index is taking a heavier blow, down over 300 points. Grasim, Ultratech and Hindalco are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-expiry-today-nifty-50-msci-gcpl-lg-tata-motors-lenskart-laurus-adani-ashok-leyland-share-price-liveblog-19968111.htm)
- 2026-08-13 — CNBC-TV18: **Q1 Results LIVE Updates: Juniper Hotels revenue rises 13%; Lincoln Pharma EBITDA up 15%** — Q1 Results LIVE Updates: Tata Motors PV, Page Industries, JSW Cement, Aditya Birla Real Estate, Avanti Feeds, Dreamfolks, Godrej Industries, IGL, Indigo Paints, IPCA Labs, Jubilant Foodworks, LG Electronics India, Max Financial Services, Olectra Industries, VST Tillers, Welspun Living, Solar Industries, are among the companies reporting their first quarter earnings today. Earnings reactions also come from Tata Motors CV, Lenskart, Apollo Hospitals among many other stocks. Watch this space for all the LIVE Q1 result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-tata-motors-page-industries-abrel-jsw-cement-lenskart-petronet-astral-igl-ipca-share-price-liveblog-19968129.htm)
- 2026-08-10 — NEWS.WEBINDIA123.COM: **CESC arm to acquire ReNew's 1.4 GW renewable energy portfolio at Rs 4,859 crore enterprise value** — CESC subsidiary Purvah Green Power Private Limited will acquire about 1.4 gigawatt peak (GWp) of operational renewable power capacity from ReNew Solar Power Private Limited at an enterprise value of Rs 4,859 crore, according to a stock exchange filing on Monday. — [Source](https://news.webindia123.com/news/articles/business/20260810/4485278.html)
- 2026-08-10 — CNBC-TV18: **Sensex, Nifty end higher after CAS adjustment: What drove today’s trade?** — BSE Sensex and NSE Nifty ended higher on Monday after CAS adjustments. Sensex rose 43 pts to 78,542, Nifty gained 13 pts to 24,584. Hitachi Energy, Paytm, Pine Labs surged. Bharat Forge, PFC, REC fell — [Source](https://www.cnbctv18.com/market/sensex-nifty-end-higher-after-cas-adjustment-what-drove-todays-trade-19965677.htm)
- 2026-08-10 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Bharat Forge falls 5% from highs after results; Nifty below 24,600** — Sensex Today | Stock Market LIVE Updates: We are at the halfway mark of the first day of trade, and the markets are trading in a volatile space, as the Nifty index remains cautious. The index is looking to hold onto the 24,500 mark. The Nifty Bank is also under pressure, down 100 points. SBI, Adani Ports and HDFC Life are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-oil-banks-midcaps-bajaj-fin-pfc-kaynes-ola-bharat-forge-share-price-liveblog-19965161.htm)

## Business profile

**Strategic vision:** Generates and distributes electricity to a licensed area.

### Business segments
- **Electricity Generation:** Operates thermal power plants including Budge Budge, Southern, and Haldia, and solar power plants in Gujarat and Tamil Nadu.
- **Electricity Distribution:** Sole distributor of electricity within a licensed area, serving domestic, industrial, and commercial users at various voltage levels.

### Competitive strengths
- Sole electricity distributor within a defined licensed area.
- Integrated operations encompassing power generation and distribution.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/cesc
Markdown representation: https://faxioms.com/stocks/cesc?render=md