GHCL fell 1.63% to Rs 238 at 9:54 IST on BSE after the stock turned ex-dividend today, 21 June 2017, for final dividend of Rs 3.50 per share for the year ended 31 March 2017.
Meanwhile, the S&P BSE Sensex was down 80.36 points, or 0.26% at 31,217.17. The S&P BSE Small-Cap index was up 19.64 points, or 0.13% at 15,699.36.
On the BSE, 2,759 shares were traded on the counter so far as against the average daily volumes of 35,616 shares in the past one quarter. The stock had hit a high of Rs 239.95 and a low of Rs 237.45 so far during the day. The stock had hit a record high of Rs 298.80 on 20 October 2016 and a 52-week low of Rs 165 on 24 June 2016.
The stock had underperformed the market over the past one month till 20 June 2017, declining 5.49% compared with the Sensex's 2.73% rise. The scrip had also underperformed the market over the past one quarter declining 9.82% as against the Sensex's 6.03% rise. The scrip had, however, outperformed the market over the past one year advancing 44.1% as against the Sensex's 16.49% rise.
The small-cap company has equity capital of Rs 99.90 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 1.45% based on the closing price of Rs 241.95 yesterday, 20 June 2017.
GHCL's net profit rose 44.8% to Rs 113.11 crore on 28.3% increase in net sales to Rs 824.40 crore in Q4 March 2017 over Q4 March 2016.
GHCL is engaged in the business of manufacturing and trading of inorganic chemicals and home textiles.
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