 "Binani Industries drops ex-dividend")
Shares of Binani Industries have lost 4% and is quoting at Rs 84 on the Bombay Stock Exchange (BSE) after the stock turned ex-dividend today for a dividend of Rs 3 per share for the year ended 31 March 2015.
Before turning ex-dividend, the Binani Industries stock offered a dividend yield of 3.42% based on the stock's closing price of Rs 87.50 on BSE yesterday, 8 December 2015.
The stock opened at Rs 84.55 and hit a high of Rs 85.20. At 9:55 AM, a combined total of 10,214 shares changed hands on the counter of BSE and NSE
