CESC, which had closed yesterday at Rs.770.35, opened today at Rs.797 and went on to hit a new high at Rs.819.15.

The Board of the company approved a proposal for sub-division of an existing equity share of nominal value of Rs.10, into ten equity shares of nominal value Re.1 each.

The company’s earnings for Q4FY21 were also good – it posted a 8% (YoY) rise in net profit at Rs.270 crore on a 10% increase in total income at Rs.1792 crore.

It ended FY21 with a 11% rise in net profit at Rs.814 crore while total income fell 11% to Rs.7101 crore.