Balrampur Chini Mills fell 3.95% to Rs 41.35 at 09:42 IST on BSE as the stock turned ex-dividend today, 22 July 2013, for dividend of Rs 2 per share for the year ended 31 March 2013.
Meanwhile, the BSE Sensex was up 16.64 points, or 0.08%, to 20,166.49.
On BSE, 9,799 shares were traded in the counter as against an average daily volume of 1.03 lakh shares in the past one quarter.
The stock hit a high of Rs 42 and a low of Rs 41.20 so far during the day. The stock had hit a 52-week high of Rs 74.50 on 16 October 2012. The stock had hit a 52-week low of Rs 35 on 8 July 2013.
The stock had underperformed the market over the past one month till 19 July 2013, rising 0.23% compared with the Sensex's 4.7% rise. The scrip had also underperformed the market in past one quarter, falling 12.5% as against Sensex's 5.96% gain.
The small-cap company has an equity capital of Rs 24.43 crore. Face value per share is Re 1.
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Before turning ex-dividend, the stock offered a dividend yield of 4.65% based on the closing price of Rs 43.05 on Friday, 19 July 2013.
Balrampur Chini Mills' net profit fell 45.4% to Rs 70.98 crore on 28.9% rise in net sales to Rs 744.74 crore in Q4 March 2013 over Q4 March 2012.
Balrampur Chini Mills is one of the largest integrated sugar manufacturing companies in India.
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