Pritesh Mehta of IIFL told CNBC-TV18, "We have been bearish on CESC. The stock has given a breakdown below its 200 day moving average and also a monthly long term trend line. Now it is in the process of making lower tops and lower bottoms. Below Rs 300 the selling pressure could get accentuated and we could see levels of Rs 280."
The share touched its 52-week high Rs 367.95 and 52-week low Rs 252.70 on 04 July, 2013 and 28 March, 2013, respectively. Currently, it is trading 18.55 percent below its 52-week high and 18.6 percent above its 52-week low. Market capitalisation stands at Rs 3,776.22 crore.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
