CESC registers new high post 1:10 stock split, surges 10%

Shares of the electric utilities company traded with heavy volume, as it surpassed its previous all-time high registered almost 3 years ago.

Shares of CESC rallied 10 per cent to Rs 96.75 on the BSE in intra-day trade on Friday after the 1:10 stock split came into effect. The company's board had fixed 17 September, 2021, as the record date for the stock split in the ratio of 1:10, i.e. a equity share with the face value of Rs 10 to be sub-divided into 10 equity shares with a face value of Re 1 each.

The stock of electric utilities company surpassed its previous high of Rs 92.61 (adjusted to stock split) touched on 11 January, 2018.

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