Rain Commodities lost 1.71% to Rs 46 at 9:27 IST on BSE as the stock turned ex-dividend today, 16 April 2013, for final dividend of Rs 1.10 per share for the year ended 31 December 2012.
Meanwhile, the S&P BSE Sensex was up 32.65 points or 0.18% at 18,387.76.
On BSE, 522 shares were traded in the counter as against average daily volume of 2.12 lakh shares in the past two weeks.
The stock hit a high of Rs 46.95 and a low of Rs 45.60 so far during the day.
Before turning ex-dividend, the stock offered a dividend yield of 2.35% based on the closing price of Rs 46.80 on Monday, 15 April 2013.
Rain Commodities' consolidated net profit fell 96.5% to Rs 6.26 crore on 21.1% decline in net sales to Rs 1262.37 crore in Q4 December 2012 over Q4 December 2011.
Rain Commodities and its wholly owned subsidiaries, Rain CII Carbon (India) and Rain CII Carbon LLC, USA are engaged in the production of cement, calcined petroleum coke (CPC) and power.
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