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Monsanto India drops ex-dividend

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Capital Market
Last Updated : Nov 19 2014 | 7:09 PM IST

Monsanto India declined 0.78% to Rs 2,867.50 at 15:25 IST on BSE after the stock turned ex-dividend today, 19 November 2014, for interim dividend of Rs 18 per share for the year ending 31 March 2015.

Meanwhile, the S&P BSE Sensex was down 122.14 points or 0.43% at 28,041.15.

On BSE, so far 3,034 shares were traded in the counter as against average daily volume of 18,276 shares in the past one quarter.

The stock hit a high of Rs 2,904.95 and a low of Rs 2,861.50 so far during the day. The stock had hit a record high of Rs 3,590 on 22 September 2014. The stock had hit a 52-week low of Rs 676 on 27 November 2013.

The stock had underperformed the market over the past one month till 18 November 2014, rising 2.81% compared with the Sensex's 7.87% rise. The scrip had, however, outperformed the market in past one quarter, jumping 48.18% as against Sensex's 6.72% rise.

The mid-cap firm has an equity capital of Rs 17.26 crore. Face value per share is Rs 10.

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Monsanto India reported a net loss of Rs 4.81 crore in Q2 September 2014 compared with net profit of Rs 7.59 crore in Q2 September 2013. Total income rose 0.9% to Rs 101.57 crore in Q2 September 2014 over Q2 September 2013.

Monsanto India (MIL) - a subsidiary of the Monsanto Company, USA - is the only publicly listed Monsanto entity outside USA. Monsanto is an agricultural company while applying innovation and technology to help farmers around the world produce more while conserving more

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First Published: Nov 19 2014 | 3:06 PM IST

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