Clariant Chemicals (India) lost 15.57% to Rs 966.85 at 14:21 IST on BSE after the stock turned ex-dividend today, 19 January 2015, for interim dividend of Rs 140 per share for the year financial year ending 31 December 2015.
Meanwhile, the BSE Sensex was up 168.69 points or 0.6% to 28,290.58
On BSE, so far 21,115 shares were traded in the counter as against average daily volume of 13,109 shares in the past one quarter.
The stock hit a high of Rs 986 and a low of Rs 957.95 so far during the day. The stock had hit a 52-week high of Rs 1,185 on 15 January 2015. The stock had hit a 52-week low of Rs 594 on 17 January 2014.
The stock had outperformed the market over the past one month till 16 January 2015, rising 33.3% compared with Sensex's 5.01% rise. The scrip had also outperformed the market in past one quarter, advancing 15.77% as against Sensex's 8.16% rise.
The mid-cap stock has equity capital of Rs 26.66 crore. Face value per share is Rs 10.
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Before turning ex-dividend, the stock offered a dividend yield of 12.22% based on the closing price of Rs 1,145.10 on Friday, 16 January 2015.
Clariant Chemicals (India)'s board of directors at its meeting held on 12 January 2015, considered and declared an interim dividend of Rs 140 per share for financial year ending 31 December 2015, out of the profits and surplus carried forward from the financial year ended 31 December 2014. The final dividend for the financial year ended 31 December 2014, if any, will be recommended by the board after the audited accounts for the financial year 2014 is considered and approved. Further, the board approved 20 January 2015 as record date for the purpose of payment of interim dividend and such dividend will be paid on or after 21 January 2015, Clariant Chemicals (India) said.
Clariant Chemicals (India) reported net loss of Rs 1.32 crore in Q3 September 2014 as compared to net profit of Rs 123.99 crore in Q3 September 2013. Net sales fell 28.5% to Rs 248.07 crore in Q3 September 2014 over Q3 September 2013.
Clariant Chemicals (India) is a specialty chemicals company.
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