Eicher Motors lost 0.95% to Rs 5,445 at 10:16 IST on BSE, as the stock turned ex-dividend for a dividend of Rs 30 per share for the year ended 31 December 2013.
Meanwhile, the S&P BSE Sensex was up 10.80 points or 0.05% at 21,837.22
On BSE, so far 108 shares were traded in the counter as against average daily volume of 3,923 shares in the past one quarter.
The stock hit high of Rs 5,497 and low of Rs 5,408 so far during the day. The stock had hit a record high of Rs 5,701.35 on 5 March 2014. The stock had hit a 52-week low of Rs 2,512 on 28 March 2013.
The stock had outperformed the market over the past one month till 11 March 2013, rising 24.05% compared with the Sensex's 7.18% rise. The scrip also outperformed the market in past one quarter, gaining 13.47% as against Sensex's 3.09% rise.
The large-cap company has equity capital of Rs 27.05 crore. Face value per share is Rs 10.
Before turning ex-dividend, the Eicher Motors stock offered a dividend yield of 0.54% based on the closing price of Rs 5,497.20 on Tuesday, 11 March 2014.
Eicher Motors' consolidated net profit surged 32.4% to Rs 96.25 crore on 2.1% growth in net sales to Rs 1663.96 crore in Q4 December 2013 over Q4 December 2012.
Eicher Motors, is the flagship company of the Eicher Group in India and a leading player in the Indian automobile industry. Its 50-50 joint venture with the Volvo group, VE Commercial Vehicles, designs, manufactures and markets reliable, fuel-efficient commercial vehicles of high quality and modern technology, engineering components and provides engineering design solutions. Eicher Motors manufactures and markets the iconic Royal Enfield motorcycles.
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