Bajaj Auto fell 1.18% to Rs 2,251.50 at 9:41 IST on BSE as the stock turned ex-dividend today, 16 March 2016, for an interim dividend of Rs 50 per share for the year ending 31 March 2016.
Before turning ex-dividend, the stock offered a dividend yield of 2.19% based on the closing price of Rs 2,278.45 yesterday, 15 March 2016.Meanwhile, the BSE Sensex was down 99.58 points, or 0.41%, to 24,451.59
On BSE, so far 4,375 shares were traded in the counter, compared with an average volume of 21,059 shares in the past one quarter. The stock hit a high of Rs 2,258.70 and a low of Rs 2,244 so far during the day. The stock hit a 52-week high of Rs 2,655 on 23 July 2015. The stock hit a 52-week low of Rs 1,913.80 on 30 April 2015.
The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.
On 9 March 2016, Bajaj Auto's board of directors had declared an interim dividend of Rs 50 per share for the year ending 31 March 2016.
On 2 March 2016, Bajaj Auto announced 12% rise in total sales to 2.72 lakh units in February 2016 over February 2015.
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Bajaj Auto's net profit rose 4.7% to Rs 901.49 crore on 1% fall in net sales to Rs 5463.20 crore in Q3 December 2015 over Q3 December 2014.
Bajaj Auto is one of the leading two-and three-wheeler manufacturer in India.
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