CESC surges 6%, hits 52-week high post Q4 results, stock split approval

Shares of CESC surged 6 per cent and hit a 52-week high of Rs 819.15 on the BSE in intra-day trade on Thursday after the company reported healthy performance in operating front for March quarter (Q4FY21). Meanwhile, the board approved sub-division of existing 1 share of Rs 10 each into 10 shares of Re 1 each.

The company intends to improve the liquidity of its shares in the stock market by reducing the nominal value of the shares through the process of subdivision, CESC said on rationale behind the stock split.

Meanwhile, in Q4FY21, CESC reported a mixed