JBF Industries tumbled 5.3% to Rs 133 at 12:34 IST on BSE after the stock turned ex-dividend today, 9 August 2012, for dividend of Rs 8 per share for the year ended 31 March 2012.
Meanwhile, the BSE Sensex was up 38.47 points or 0.22% to 17,639.03.
On BSE, 32,000 shares were traded in the counter as against average daily volume of 26,476 shares in the past one quarter.
The stock hit a high of Rs 136 and a low of Rs 128.30 so far during the day. The stock had hit a 52-week high of Rs 148.90 on Tuesday, 7 August 2012. The stock had hit a 52-week low of Rs 89 on 2 January 2012.
The stock had outperformed the market over the past one month till 8 August 2012, rising 0.46% compared with the Sensex's 0.45% rise. The scrip had also outperformed the market in past one quarter, jumping 25.4% as against Sensex's 6.37% rise.
The small-cap polyester chips maker has equity capital of Rs 72.23 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 5.69% based on the closing price of Rs 140.45 on Wednesday, 8 August 2012.
JBF Industries' consolidated net profit fell 35.5% to Rs 33.70 crore on 12.9% growth in net sales to Rs 1796.53 crore in Q1 June 2012 over Q1 June 2011.
JBF Industries produces polyester chips for textiles, films and bottles, and polyester partially oriented yarns.
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