stel is the holding company of unlisted SPENCERS retail. RPG is preoccupied with restructuring of spencers to make it profitable before its IPO venture. the market always leads any news by 6 months. pl understand the underlying reason for its price shoot to 52 week high. IPO may be on anvil
4.08 PM Oct 3rd
talks about the mom and pop stores shutting down because of FDI in retail. Lets face it - in the last few years, we have seen a mushrooming of retail stores - Reliance, Future Group, SPAR (now Auchan), Birlas with MORE, Spencers Retail, Nilgiris etc. have opened stores all over the place. How much has
10.25 AM Dec 4th 2012
Wait patiently. Once Spencer retail is spun off, that value will be unlocked. You will also see the share rally as EPS ex Spencers will be in the range of Rs 35 to Rs 38. Firstsource is perhaps a reason why the multiple will stay low relative to other Power players (weak governance as shareholder
5.10 PM Nov 7th 2012
they are doing this. 5 years back they entered in to retail buisness and invested aggressively and have still not been able to come in green. because of spencer retail financials the overall financials of CESC has been affected and that is the reason for the stock to trade discount compared to its peers
4.51 PM Oct 28th 2012
BNK Capital is a good proxy play for Retail as it has more than 30 lac shares of CESC which has promoted Spencer Retail Stores all over India. In the next six months, we may hear a tie up with a foreign outfit leading to a jump in CESC share price. Those who want to invest in CESC may also do
10.13 PM Sep 16th 2012
Not correct. What is happening is that Music World, a 100% subsidiary of Spencer Retail, is being merged into Spencer Retail. Spencer Retail shall remain a 100% subsidiary of CESC, with Music World operating as a division of Spencer Retail, instead of as a subsidiary. This is a good move
1.34 PM Mar 22nd 2012
In addition to being in the business of producing and distributing electricity, CESC also holds 95% stake in RPG-SG retail business (Spencer Retail). Hence the stock sometimes sees volatility associated with retail companies, such as news on FDI in retail.
8.24 PM Apr 28th 2012
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