Spencer's Retail, CESC Ventures see tepid debut on Dalal Street

At the opening bell, the shares of Spencer's Retail opened at Rs 224 a piece on its listing date, which declined to Rs 212.80 per share by 12 noon and remained stagnant till the end of the day's trade

Soon after their debut on the bourses, shares of Spencer’s Retail and CESC Ventures, the two entities carved out of CESC, fell 5 per cent.

After the opening, shares of Spencer’s Retail opened at Rs 224 a share on its listing date, declined to Rs 212.80 per share by noon and remained stagnant till the end of the day’s trade.

CESC Ventures’ shares also saw a similar trend. The shares of this demerged entity opened at Rs 548 per share at the commencement of trading, and by 10:00 am declined to Rs 545 per share. At noon, the company’s shares dipped 5