Trending stocks: CESC shares jump 6% in early session

NEW DELHI: Shares of CESC traded 5.89 per cent up in Tuesday 's trade at 10:27AM (IST).

Around 261604 shares changed hands on the counter. The stock opened at Rs 434.95 and touched an intraday high and low of Rs 451.5 and Rs 432.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 948.35 and a 52-week low of Rs 369.95 .


HDFC Mutual Fund has increased stake in the company to 9.09 per cent from 6.66 per cent on March 31.


Financials
CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 5619.09 Crore) operating in Power sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 2344.00 Crore, down -22.13 % from last quarter Sales of Rs 3010.00 Crore and down -2.94 % from last year same quarter Sales of Rs 2415.00 Crore Company reported net profit after tax of Rs 249.00 Crore in latest quarter.

CESC Ltd. key Products/Revenue Segments include Electricity which contributed Rs 7557.73 Crore to Sales Value (97.47 % of Total Sales) and Other Operating Revenue which contributed Rs 195.94 Crore to Sales Value (2.52 % of Total Sales)for the year ending 31-Mar-2019.

Valuation ratio
It quoted a price-to-earnings ratio of 4.67 and price to book value of 0.66 .