Hero MotoCorp fell 1.4% to Rs 1,952.05 at 9:16 IST on BSE after the stock turned ex-dividend today, 7 August 2012, for final dividend of Rs 45 per share for the year ended 31 March 2012.
Meanwhile, the BSE Sensex was up 39.11 points or 0.22% to 17,452.07.
On BSE, 2,298 shares were traded in the counter as against average daily volume of 46,632 shares in the past one quarter.
The stock hit a high of Rs 1,956 and a low of Rs 1,945 so far during the day. The stock had hit a 52-week low of Rs 1,702.65 on 9 January 2012. The stock had hit a record high of Rs 2,278.50 on 2 May 2012.
The stock had underperformed the market over the past one month till 6 August 2012, declining 5.03% compared with the Sensex's 0.62% fall. The scrip had also underperformed the market in past one quarter, falling 0.06% as against the Sensex's 3.46% rise.
India's largest bike maker by sales has equity capital of Rs 39.94 crore. Face value per share is Rs 2.
Before turning ex-dividend, the stock offered a dividend yield of 2.27% based on the closing price of Rs 1,979.70 on Monday, 6 August 2012.
Hero MotoCorp's (HMCL) net profit rose 10.3% to Rs 615.46 crore on 10.1% growth in net sales to Rs 6207.78 crore in Q1 June 2012 over Q1 June 2011.
Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
Powered by Capital Market - Live News
