Tata Power closed at Rs 156.40, down by 5.33 per cent as the stock becomes ex-dividend today. More than 3.84 lakh shares were traded on the BSE.
The company has declared a final dividend of 65 per cent or Rs 6.50 per share of Rs 10, for the year ended March 31.
For the fourth quarter ended March 31, net profit was up 129 per cent to Rs 155.27 crore (Rs 67.86 crore) on a 9 per cent increase in net sales to Rs 910.06 crore (Rs 835.68 crore). For FY03, the company