Indian Hume Pipe Company rose 3.29% to Rs 501.90 at 14:40 IST on BSE, with the stock recovering on bargain hunting after recent slide.
Meanwhile, the S&P BSE Sensex was down 107.48 points, or 0.35% at 30,850.77. The S&P BSE Small-Cap index was up 24.40 points, or 0.16% at 15,165.48.
On the BSE, 7,417 shares were traded on the counter so far as against the average daily volumes of 13,083 shares in the past one quarter. The stock had hit a high of Rs 506.75 and a low of Rs 479.75 so far during the day. The stock had hit a record high of Rs 546.50 on 20 June 2017 and a 52-week low of Rs 162.55 on 27 June 2016.
The stock had outperformed the market over the past one month till 27 June 2017, advancing 14.72% compared with the Sensex's 0.23% fall. The scrip had also outperformed the market over the past one quarter gaining 31.02% as against the Sensex's 5.89% rise. The scrip had also outperformed the market over the past one year advancing 181.39% as against the Sensex's 17.25% rise.
The small-cap company has equity capital of Rs 9.69 crore. Face value per share is Rs 2.
Shares of Indian Hume Pipe Company had declined 7.72% in the preceding four trading sessions to settle at Rs 485.90 yesterday, 27 June 2017, from its closing price of Rs 526.55 on 20 June 2017.
Shares of Indian Hume Pipe Company turned ex-dividend today, 28 June 2017, for final dividend of Rs 2.40 per share for the financial year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 0.49% based on the closing price of Rs 485.90 yesterday, 27 June 2017.
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Indian Hume Pipe Company's net profit spurted 252.5% to Rs 33.24 crore on 64% increase in net sales to Rs 488.01 crore in Q4 March 2017 over Q4 March 2016.
Indian Hume Pipe Company is engaged in the business of providing integrated water supply schemes including manufacturing, laying and jointing of pipelines of various pipe materials which provide infrastructure facility for development of water supply and irrigation projects.
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