Mangalore Chemicals & Fertilizers fell 2.10% to Rs 53.70 at 9:43 IST on BSE after the stock turned ex-dividend today, 17 September 2013, for dividend of Rs 1.20 per share for the year ended 31 March 2013.
Meanwhile, the BSE Sensex was down 56.40 points, or 0.29%, to 19,686.07.
On BSE, 1,895 shares were traded in the counter compared with average volume of 8.30 lakh shares in the past one quarter.
The stock hit a high of Rs 54 and a low of Rs 53.15 so far during the day. The stock hit a 52-week low of Rs 27.30 on 4 March 2013. The stock hit a record high of Rs 73 on 12 July 2013.
The stock had outperformed the market over the past one month till 16 September 2013, rising 9.05% compared with the Sensex's 6.15% rise. The scrip had also outperformed the market in past one quarter, rising 39.21% as against Sensex's 2.94% rise.
The small-cap company has an equity capital of Rs 118.52 crore. Face value per share is Rs 10.
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Before turning ex-dividend, the stock offered a dividend yield of 2.19% based on the closing price of Rs 54.85 on Monday, 16 September 2013.
Mangalore Chemicals & Fertilizers reported a net loss of Rs 12.04 crore in Q1 June 2013 compared with a net loss of Rs 12.50 crore in Q1 June 2012. Net sales rose 1.6% to Rs 607.12 crore in Q1 June 2013 over Q1 June 2012.
Mangalore Chemicals & Fertilizers makes wide range of products including urea, di-ammonium phosphate, muriate of potash, granulated fertilizers, micronutrients, soil conditioners and specialty fertilizers.
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