Shares of CESC were up over 3% at Rs 545 on the Bombay Stock Exchange after the company reported increase in net profit on the back of lower fuel costs.
Net profit for the quarter ended September 30, 2015 was higher at Rs 195 crore compared with Rs 192 crore in the same quarter last fiscal.
Fuel costs during September 2015 quarter decreased 20% to Rs 423 crore compared with Rs 529 crore during the quarter ended September 2014.
Net sales for the quarter ended September 2015 increased nearly 7% to Rs 1,757 crore compared with Rs 1,647 crore in the same quarter last fiscal.
The stock opened at Rs 523 and touched a high of Rs 550. At 12:35pm, over 660,000 shares were traded on both the stock exchanges.
