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.