As the festive season approaches, investors often look for stocks with growth potential and stable fundamentals.
CESC Ltd, a fully integrated power utility company based in Kolkata, has been highlighted by market expert Astha Jain as a potential Diwali investment option, trading currently around Rs 170.
Company Overview
CESC Ltd, part of the RP-Sanjiv Goenka Group, has been supplying electricity since 1899. The company serves an area of 567 sq km, covering Kolkata, Howrah, and the surrounding regions.
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Its customer base includes 3.4 million residential, commercial, and industrial users.
According to company management, CESC aims to double profits by 2030 through a structured growth strategy.
A key component of this plan is a Rs 320 billion capital expenditure program focusing on solar manufacturing, renewable energy generation, and distribution network expansion.
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Market Performance
CESC has delivered strong long-term returns. The stock has shown 5-year gains of 180 per cent, 3-year gains of 118 per cent, and 2-year gains of 94 per cent. Over ten years, it has grown by 279 per cent.
Short-term performance includes 1-month gains of 6.21 per cent, 6-month gains of 14.15 per cent, and 1-week gains of 2.95 per cent. Over the past year, the stock has seen a 7.84 per cent decline, reflecting normal market fluctuations.
The stock has a 52-week high of Rs 203.80 and a 52-week low of Rs 119.00, with a market capitalisation of Rs 22,673.88 crore, and is part of the BSE 500 index.
Ownership and Upcoming Corporate Decisions
The Life Insurance Corporation of India (LIC) holds 8,63,88,653 shares, accounting for 6.52 per cent of the company, providing institutional credibility.
CESC has also announced that its Board of Directors will meet on October 17, 2025, to consider and approve unaudited financial results for Q2 and H1 of FY 2025-26.
The Board may also discuss the interim dividend and decide the record date, which could influence investor sentiment.
Investment Considerations
Astha Jain suggested a buy range of Rs 170–172, with a stop-loss at Rs 150 and a target of Rs 200.
The stock is seen as a potentially stable investment for investors seeking exposure to the power sector, combining long-term growth potential with LIC backing and established operations.
CESC Ltd presents a combination of established infrastructure, growth initiatives, and market credibility, making it a notable stock for investors evaluating opportunities during the festive season.
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