Aban Offshore lost 1.44% to Rs 225.95 at 15:23 IST on BSE as the stock turned ex-dividend today, 11 September 2013, for dividend of Rs 3.60 per share for the year ended 31 March 2013.
Meanwhile, the S&P BSE Sensex was down 10.83 points or 0.05% at 19,986.26.
On BSE, 57,000 shares were traded in the counter as against average daily volume of 58,868 shares in the past one quarter.
The stock hit a high of Rs 228.05 and a low of Rs 224.15 so far during the day. The stock had hit a 52-week low of Rs 200.05 on 31 July 2013. The stock had hit a 52-week high of Rs 486.50 on 5 October 2012.
The stock had underperformed the market over the past one month till 10 September 2013, sliding 1.8% compared with the Sensex's 6.43% rise. The scrip had also underperformed the market in past one quarter, declining 22.1% as against Sensex's 2.86% rise.
The small-cap company has equity capital of Rs 8.70 crore. Face value per share is Rs 2.
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Before turning ex-dividend, the stock offered a dividend yield of 1.57% based on the closing price of Rs 229.25 on Tuesday, 10 September 2013.
Aban Offshore's consolidated net profit surged 43.4% to Rs 74.74 crore on 4.5% growth in net sales to Rs 888.51 crore in Q1 June 2013 over Q1 June 2012.
Aban Offshore is India's largest offshore drilling contractor in the private sector, offering drilling and oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad.
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