Adani Ports & Special Economic Zone dropped 2.28% to Rs 238.20 at 11:45 IST on BSE after the stock turned ex-dividend today, 22 March 2016 for interim dividend of Rs 1.10 per share for the year ending 31 March 2016 (FY 2016).
Before turning ex-dividend, the stock offered a dividend yield of 0.45% based on the closing price of Rs 243.75 yesterday, 21 March 2016.
Meanwhile, the S&P BSE Sensex was down 25.49 points or 0.1% at 25,259.88.
On BSE, so far 1.03 lakh shares were traded in the counter as against average daily volume of 3.17 lakh shares in the past two weeks. The stock hit a high of Rs 243 and a low of Rs 237.10 so far during the day. The stock had hit a 52-week low of Rs 169.65 on 12 February 2016. The stock had hit a record high of Rs 374.70 on 20 August 2015. The stock had outperformed the market over the past one month till 21 March 2016, gaining 16.79% compared with Sensex's 6.65% gains. The scrip had, however, underperformed the market in past one quarter, declining 6.52% as against Sensex's 1.75% fall.
The large-cap company has equity capital of Rs 414.19 crore. Face value per share is Rs 2.
On consolidated basis, Adani Ports & Special Economic Zone (APSEZ)'s net profit rose 25.9% to Rs 644.96 crore on 3.1% growth in net sales to Rs 1565.93 crore in Q3 December 2015 over Q3 December 2014.
APSEZ, a part of the Adani Group, is India's largest private port operator.
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