India's CESC down on Q4 profit drop

CESC

24/05/2024 05:51

** Shares of CESC  CESC.NS  fell as much as 3.8%, last down
1.2% at 144.9 rupees
    ** Electricity generation firm's Q4 profit fell 7.6% YoY
    ** Rival Power Grid Corp's  PGRD.NS  Q4 profit dropped,
after which its stock fell
    ** CESC rated "buy" on avg, PGRD rated "hold" - LSEG data
    ** CESC up 8.7% YTD, PGRD up 34.9%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))