Essel Propack fell 1% to Rs 184.10 at 14:14 IST on BSE, after the stock turned ex-dividend today, 9 June 2016 for dividend of Rs 2.20 per share for the year ended 31 March 2016.
Meanwhile, the S&P BSE Sensex was down 296.55 points or 1.1% at 26,724.11
On BSE, so far 23,505 shares were traded in the counter as against average daily volume of 25,995 shares in the past one quarter. The stock hit a high of Rs 185 and a low of Rs 183 so far during the day. The stock had hit a 52-week low of Rs 121 on 12 June 2015. The stock had hit a 52-week high of Rs 206.90 on 25 May 2016. The stock had underperformed the market over the past one month till 8 June 2016, rising 0.62% compared with Sensex's 7.1% rise. The scrip, however, outperformed the market in past one quarter, rising 26.83% as against Sensex's 9.58% rise.
The small-cap company has equity capital of Rs 31.42 crore. Face value per share is Rs 2.
Before turning ex-dividend, the Essel Propack stock offered a dividend yield of 1.18% based on the stock's closing price of Rs 186 on the BSE yesterday, 8 June 2016.
Essel Propack's consolidated net profit fell 8.7% to Rs 41.45 crore on 8.4% fall in net sales to Rs 552.20 crore in Q4 March 2016 over Q4 March 2015.
Essel Propack is the largest speciality packaging global company, manufacturing laminated plastic tubes catering to the FMCG and pharma space.
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