Voltas lost 2.88% to Rs 103 at 09:51 IST on BSE after the stock turned ex-dividend today, 1 August 2012, for dividend of Rs 1.60 per share for the year ended 31 March 2012.
Meanwhile, the BSE Sensex was up 19.93 points or 0.12% to 17,256.11
On BSE, 79,928 shares were traded in the counter as against average daily volume of 4.38 lakh shares in the past one quarter.
The stock hit a high of Rs 104.55 and a low of Rs 102.25 so far during the day. The stock had hit a 52-week high of Rs 140 on 1 August 2011. The stock had hit a 52-week low of Rs 71.50 on 29 December 2011.
The stock had outperformed the market over the past one month till 31 July 2012, gaining 1.34% compared with the Sensex's 1.11% fall. The scrip, however, underperformed the market in past one quarter, falling 2.97% as against Sensex's 0.48% decline.
The mid-cap company has an equity capital of Rs 33.09 crore. Face value per share is Re 1.
Before turning ex-dividend, the stock offered a dividend yield of 1.5% based on the closing price of Rs 106.05 on Tuesday, 31 July 2012.
Voltas announces its Q1 June 2012 results today, 1 August 2012. The company's consolidated net profit rose 2.7% to Rs 103.81 crore on 5.8% decline in net sales to Rs 1573.46 crore in Q4 March 2012 over Q4 March 2011.
Voltas is one of the world's premier engineering solutions providers and project specialists. It offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, materials handling equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.
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