CESC touches all-time high on BSE on clarity over the demerger date

Analysts opined that rise is on account of clarity over demerger date which is expected to be Oct

The CESC scrip touched its all-time high on the BSE on Monday, closing at Rs 1020.15 a piece, up by 6.65 per cent than the last closing. On August 29 last year, the company's shares were valued at Rs 649.90, which is 57 per cent lower than its current valuation.

Analysts opined that the rise is primarily on account of clarity over the demerger date which is expected to be October, with the company expected to complete the due diligence process by the end of September.

"As a result of the demerger, the value which will be unlocked will be