Asian Paints drops ex-dividend

Meanwhile, the S&P BSE Sensex was down 88.50 points or 0.45% at 19,479.72.

On BSE, 2,145 shares were traded in the counter as against average daily volume of 14,250 shares in the past one quarter.

The stock hit a high of Rs 4,650 and a low of Rs 4,608.15 so far during the day. The stock had hit a 52-week low of Rs 3,447.90 on 26 July 2012. The stock had hit a record high of Rs 5,047 on 21 March 2013.

The stock had underperformed the market over the past one month till 5 June 2013, sliding 0.41%, compared with the Sensex's 0.04% fall. The scrip had, however, outperformed the market in past one quarter, surging 5.49% as against Sensex's 2.22% gain.

The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 0.78% based on the closing price of Rs 4,677.15 on Wednesday, 5 June 2013.

Asian Paints' consolidated net profit declined 3.2% to Rs 251.11 crore on 6.9% growth in net sales to Rs 2713.67 crore in Q4 March 2013 over Q4 March 2012.

Asian Paints is India's largest paint company.

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