Diamond Power Infrastructure lost 2.47% to Rs 45.50 at 10:45 IST on BSE as the stock turned ex-dividend today, 26 September 2013, for dividend of Re 1 per share for the year ended 31 March 2013.
Meanwhile, the S&P BSE Sensex was up 52.02 points or 0.26% at 19,908.26.
On BSE, 981 shares were traded in the counter as against average daily volume of 23,560 shares in the past one quarter.
The stock hit a high of Rs 47.60 and a low of Rs 45.15 so far during the day. The stock hit a 52-week low of Rs 28.99 on 22 August 2013. The stock hit a 52-week high of Rs 97.46 on 4 October 2012.
The stock had outperformed the market over the past one month till 25 September 2013, jumping 32.91% compared with the Sensex's 7.22% rise. The scrip had, however, underperformed the market in past one quarter, declining 5.62% as against Sensex's 6.59% rise.
The small-cap company has equity capital of Rs 49.61 crore. Face value per share is Rs 10.
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Before turning ex-dividend, the stock offered a dividend yield of 2.14% based on the closing price of Rs 46.65 on Wednesday, 25 September 2013.
Diamond Power Infrastructure's net profit rose 54.8% to Rs 34.02 crore on 38.8% growth in net sales to Rs 576.52 crore in Q1 June 2013 over Q1 June 2012.
Diamond Power Infrastructure manufactures power transmission equipment and provides turnkey services.
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