CESC gains 4% on FY09 net rise

The stock touched a high of Rs 361 and finally ended up 4% at Rs 353. A total of 79,405 shares were traded on the BSE today.
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(Updated at 1328 hrs)

CESC gained 5% after announcing a 15% rise in the FY09 profit.

The stock today opened up Rs 10 at Rs 350. It slipped to a low of Rs 336 but surged to a high of Rs 357, up 6% from the day's low. However, the stock has failed to hold gains and is now trading up 2% at Rs 346. Around 45,136 shares have been traded on the BSE so far.

The company has informed the BSE today that the net profit has increased 15% to Rs 410 crore in the year ended March 31, 2009 from Rs 355 crore in the previous fiscal. The total income is up 10% at Rs 3,200 crore from Rs 2,904 crore.