National Aluminium Company fell 2.50% to Rs 33.15 at 9:19 IST on BSE after the stock turned ex-dividend today, 5 March 2014, for interim dividend of Rs 1.10 per share for the year ending 31 March 2014.
Meanwhile, the BSE Sensex was up 69.30 points, or 0.33%, to 21,279.03.
On BSE, so far 11,000 shares were traded in the counter, compared with an average volume of 1.04 lakh shares in the past one quarter.
The stock hit a high of Rs 33.40 and a low of Rs 33 so far during the day. The stock hit a 52-week high of Rs 47.45 on 13 March 2013. The stock hit a 52-week low of Rs 24.10 on 6 August 2013.
The stock had underperformed the market over the past one month till 4 March 2014, rising 3.19% compared with the Sensex's 4.94% rise. The scrip had also underperformed the market in past one quarter, falling 6.98% as against Sensex's 2.42% rise.
The mid-cap company has an equity capital of Rs 1288.62 crore. Face value per share is Rs 5.
Before turning ex-dividend, the stock offered a dividend yield of 3.24% based on the closing price of Rs 34 on Tuesday, 4 March 2014.
National Aluminium Company's (Nalco) net profit rose 10.16% to Rs 131.03 crore on 2.26% decline in total income to Rs 1764.64 crore in Q3 December 2013 over Q3 December 2012.
State-run Nalco is an integrated aluminium maker, with its activities encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations. The Government of India (GoI) holds 81.06% stake in Nalco (as per the shareholding pattern as on 31 December 2013).
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