VST Industries dips on turning ex-dividend

At 03:11 PM, the stock was down 7% at Rs 1,625, emerging as the top loser in BSE500 index compared to 0.50% decline in Sensex.

<a href="http://www.shutterstock.com/pic-155693969/stock-photo-dividends-concept.html" target="_blank">Image</a> via Shutterstock
SI Reporter Mumbai
Last Updated : Aug 04 2015 | 3:29 PM IST
Shares of VST Industries dipped 9% to Rs 1,600 on the BSE after the stock turned ex-dividend for Rs 70 per share today.

The board of directors of VST Industries on April 21, 2015, had recommended a final dividend of Rs 70 per share for the year 2014-15, subject to approval of the shareholders at the ensuing Annual General Meeting of the company to be held on August 12, 2015.

At 03:11 PM, the stock was down 7% at Rs 1,625, emerging as the top loser in BSE500 index compared to 0.50% decline in the benchmark S&P BSE Sensex. The trading volumes on the counter more than doubled, with a combined 201,036 shares changing hands on the BSE and NSE so far.
 
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First Published: Aug 04 2015 | 3:18 PM IST

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