CESC slips ex-dividend

Meanwhile, the S&P BSE Sensex was down 157.51 points or 0.81% at 19,281.97.

On BSE, 6,356 shares were traded in the counter as against average daily volume of 22,638 shares in the past one quarter.

The stock hit a high of Rs 359.50 and a low of Rs 350.05 so far during the day. The stock had hit a 52-week low of Rs 252.70 on 28 March 2013. The stock had hit a 52-week high of Rs 367.95 on 4 July 2013.

The stock had outperformed the market over the past one month till 9 July 2013, surging 4.06% compared with the Sensex's 0.05% rise. The scrip had also outperformed the market in past one quarter, jumping 33.97% as against Sensex's 6.66% rise.

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

Before turning ex-dividend, the stock offered a dividend yield of 1.92% based on the closing price of Rs 363.05 on Tuesday, 9 July 2013.

CESC's net profit declined 3.8% to Rs 256 crore on 10.7% growth in net sales to Rs 1492 crore in Q4 March 2013 over Q4 March 2012. The company unveils Q1 June 2013 results on 26 July 2013.

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.

Powered by Capital Market - Live News