ADC India Communications fell 7.92% to Rs 314.10 at 11:48 IST on BSE on turning ex-dividend today, 6 April 2015, for special one time interim dividend of Rs 29 per share for the year ended 31 March 2015.
Meanwhile, the BSE Sensex was up 16.66 points, or 0.06%, to 28,276.80.
On BSE, so far 17,000 shares were traded in the counter, compared with an average volume of 13,724 shares in the past one quarter.
The stock hit a high of Rs 328 and a low of Rs 300.50 so far during the day. The stock hit a 52-week high of Rs 361 on 1 April 2015. The stock hit a 52-week low of Rs 125.05 on 9 April 2014.
The stock had outperformed the market over the past one month till 1 April 2015, rising 41.89% compared with 3.75% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 45.15% as against Sensex's 2.74% rise.
The small-cap company has an equity capital of Rs 4.60 crore. Face value per share is Rs 10.
Before turning ex-dividend, shares of ADC India Communications offered a dividend yield of 8.50% based on the closing price of Rs 341.10 on 1 April 2015.
ADC India Communications' net profit rose 67.8% to Rs 1.46 crore on 22.5% growth in net sales to Rs 16.10 crore in Q3 December 2014 over Q3 December 2013.
ADC India Communications provides connectivity solutions for wireline, wireless, cable, broadcast, and enterprise networks.
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