Positive impactOrders & Deals
Down 27% in six months! This power stock could rally 36%, says ICICI Direct - Do you own? Check target price
Mint 11 hrs ago·12 Nov 2026, 8:57 am
Shares of CESC have faced significant selling pressure, dropping nearly 28% over the last six months. This recent volatility was highlighted by a sharp swing in trading volume during Thursday's session, reflecting the stock's turbulent price action.
Despite this recent pullback, the brokerage ICICI Direct has maintained a 'Buy' rating on the stock. The firm’s optimism is centered on the company’s strategic shift towards renewable energy and its expansion plans, which include a significant 1.5 GWp portfolio acquisition. This pivot is viewed as a key driver for future growth.
For investors, the focus is now on whether the stock can stabilize and move towards the brokerage's target price. Key factors to monitor include the execution of the renewable energy expansion and the company's ability to reverse its recent downtrend.
Excerpt from Mint
CESC shares swung sharply during Thursday trading as volume surged, while the stock remained 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. Shares of CESC witnessed sharp…Read the original at Mint
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Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Cesc (CESC).
- Category: Orders & Deals.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Cesc worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
