CESC inches up after two bulk deals

CESC rose 0.81% to Rs 340.40 at 14:03 IST on BSE after two block deals aggregating 1.79 lakh shares were executed on BSE at RS 339.50 per share.

One block deal of 1.22 lakh shares was executed at 11:29 IST while another block deal of 57,072 shares was executed at 11:30 IST.

The two block deals constitute 0.14% of CESC's equity.

Meanwhile, the S&P BSE Sensex was up 120.49 points or 0.62% at 19,500.26.

On BSE, 1.82 lakh shares were traded in the counter as against average daily volume of 15,316 shares in the past one quarter.

The stock hit a high of Rs 343 and a low of Rs 336.80 so far during the day. The stock had hit a 52-week high of Rs 367.95 on 4 July 2013. The stock had hit a 52-week low of Rs 252.70 on 28 March 2013.

The stock had outperformed the market over the past one month till 30 September 2013, advancing 9.95% compared with the Sensex's 4.08% rise. The scrip had, however, underperformed the market in the past one quarter, declining 0.57% as against Sensex's 0.08% fall.

The mid-cap company has equity capital of Rs 124.94 crore. Face value per share is Rs 10.

CESC's net profit rose 4.8% to Rs 131 crore on 1.1% growth in net sales to Rs 1419 crore in Q1 June 2013 over Q1 June 2012.

CESC is a fully integrated power utility with its operation spanning the entire value chain right from mining coal, generating power and distribution of power.

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