MoneyWorks4Me

CESC surges on reporting 15% rise in Q1 net profit

30 Jul 2014 Evaluate

CESC is currently trading at Rs. 622.80, up by 15.45 points or 2.54% from its previous closing of Rs. 607.35 on the BSE.

The scrip opened at Rs. 620.00 and has touched a high and low of Rs. 626.70 and Rs. 607.00 respectively. So far 65438 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 785.60 on 08-Jul-2014 and a 52 week low of Rs. 271.20 on 20-Aug-2013.

Last one week high and low of the scrip stood at Rs. 676.50 and Rs. 603.00 respectively. The current market cap of the company is Rs. 7753.52 crore.

The promoters holding in the company stood at 52.48 % while Institutions and Non-Institutions held 39.12 % and 8.35 % respectively.

CESC’s net profit from ordinary activities after tax first quarter ended June 30, 2014 surged 15.27% at Rs 151 crore as compared to Rs 131 crore for the quarter ended June 30, 2013. Its total income has increased by 29.07% to Rs 1878 crore for the quarter under review from Rs 1455 crore for the corresponding quarter of the previous year.

CESC is engaged in power generation and distribution in state of West Bengal. CESC is a fully integrated power utility with its operation spanning the entire value chain: right from mining coal, generating power, distribution of power.

Peers
Company Name CMP
NTPC 326.20
Tata Power 366.80
Adani Power 203.00
Power Grid Corpn. 269.25
Adani Energy Solut. 1339.40
View more..