Under Rs 200: Heavy Buying Power Stock Rallies and Hit 52-Week High Today: Keep This Stock on Your Radar

The company’s shares have delivered impressive multibagger returns of over 120 per cent in just 1 year.

CESC is the flagship company of the RP-Sanjiv Goenka Group. It is India's first fully integrated electrical utility company with private participation in the generation, transmission, and distribution of electrical power in Kolkata, Hooghly, Howrah, North and South 24 Parganas in West Bengal. The company serves approximately 3.4 million domestic, industrial, and commercial consumers. The company also manages a portfolio of independent power generation projects and distribution ventures in other parts of the country through its subsidiaries.

At the start of the day's trading session, the share of CESC opened at Rs 152.35 per share, compared to the previous day's closing figure of Rs 151.35 per share on the BSE. Currently, the shares are at Rs 165.35 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market. The current market capitalization of CESC stands at Rs 21,924 crore, and the stock has generated an impressive multibagger return of around 130 per cent in just 1 year. 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, CESC recorded a revenue of Rs 3387 crore. The operating profit for Q4 FY24 stood at Rs 410 crore. The net profit for Q4 FY24 was Rs 415 crore. Looking at the annual performance, the company generated a revenue of Rs 15293 crore in FY24, compared to Rs 14246 crore in FY23. The operating profit for FY24 was Rs 2126 crore, with a net profit of Rs 1447 crore.

Regarding the shareholding pattern, the promoters own 52.11 per cent of the company and the public or retail investors hold 12.91 per cent. FIIs and DIIs hold 12.91 per cent and 21.12 per cent respectively.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.