Sundaram Clayton lost 1.74% to Rs 491.25 at 14:07 IST on BSE as the stock turned ex-dividend today, 24 March 2014, for second interim dividend of Rs 3.75 per share for the year ending 31 March 2014.
Meanwhile, the BSE Sensex was up 304.77 points or 1.4% at 22,060.09.
On BSE, so far 135 shares were traded in the counter as against average daily volume of 4,145 shares in the past one quarter.
The stock hit a high of Rs 498 and a low of Rs 471.60 so far during the day. The stock had hit a 52-week low of Rs 250.10 on 11 October 2013. The stock had hit a 52-week high of Rs 500 on 22 March 2014.
The stock had outperformed the market over the past one month till 22 March 2014, advancing 13.44% compared with Sensex's 5.09% rise. The scrip had also outperformed the market in past one quarter, galloping 47.94% as against Sensex's 3.2% rise.
The small-cap company has equity capital of Rs 10.11 crore. Face value per share is Rs 5.
Before turning ex-dividend, the stock offered a dividend yield of 0.75% based on the closing price of Rs 499.95 on Saturday, 22 March 2014. A special live trading session was held on Saturday, 22 March 2014, as the National Stock Exchange (NSE) was testing its software.
Sundaram Clayton's net profit galloped 6336.1% to Rs 23.17 crore on 24.4% growth in net sales to Rs 300.13 crore in Q3 December 2013 over Q3 December 2012.
Sundaram Clayton manufactures aluminum pressure die castings for heavy commercial vehicles, passenger cars and two wheelers.
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