CESC swings in trade as ICICI Direct keeps Buy with ₹176 target
In short
CESC shares moved sharply on Thursday as trading volume rose. The stock is still down nearly 28% over the past six months.
ICICI Direct kept a Buy rating and set a ₹176 target. It pointed to growth prospects and a 1.5 GWp renewable energy portfolio acquisition.
What the reporting says
CESC shares swung sharply on Thursday as volume surged, while the stock stayed down nearly 28% over six months. ICICI Direct maintained a Buy rating with a ₹176 target, citing growth prospects and renewable energy expansion, including a 1.5 GWp portfolio acquisition. The note points to a possible upside if the company executes on its expansion plans.
Why it matters
CESC shares saw sharp trading swings on Thursday, even as the stock remained down nearly 28% over six months. ICICI Direct kept a Buy call and a ₹176 target, citing growth prospects and renewable energy expansion, including a 1.5 GWp portfolio acquisition. The note matters for equity traders because it ties the share’s recent weakness to a bullish target and expansion plans in power and renewables.