CESC jumps after decent Q2 earnings

CESC rose 3.22% to Rs 545.75 at 13:10 IST on BSE after net profit rose 1.56% to Rs 195 crore on 7.09% increase in total income to Rs 1797 crore in Q2 September 2015 over Q2 September 2014.

The result was announced during trading hours today, 13 November 2015.

Meanwhile, the BSE Sensex was down 207.22 points, or 0.80%, to 25,659.73.

On BSE, so far 89,000 shares were traded in the counter, compared with an average volume of 39,913 shares in the past one quarter.

The stock hit a high of Rs 550.50 and a low of Rs 515.50 so far during the day. The stock hit a 52-week high of Rs 765.05 on 17 November 2014. The stock hit a 52-week low of Rs 452 on 25 August 2015.

The stock had underperformed the market over the past one month till 11 November 2015, sliding 8.66% compared with 4.48% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 10.09% as against Sensex's 7.17% decline.

The mid-cap company has an equity capital of Rs 132.56 crore. Face value per share is Rs 10.

CESC is India's first fully integrated electrical utility company.

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