The Hindu Business Line : CESC sees `value unlocking'

The CESC stock, which figured among the day's top gainers, is seen to be benefiting from a possible unlocking of value, courtesy promoter RPG Group's fresh foray into retailing.

The group, which already has substantial involvement in the retail space, thanks to brands such as Spencers and Musicworld, is expected to tap the potential of outfits like CESC in this regard, suggest marketmen.

On Tuesday consistent buying in the utility company's stock resulted in a straight 12.3 per cent gain on the NSE before it closed at Rs 261.25. It touched a peak of Rs 276.80 during the day. Trading volumes were decent - 3.9 lakh shares.

Nilanjan Dey

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