Atul drops ex-dividend

Atul lost 1.51% to Rs 882 at 15:25 IST on BSE as the stock turned ex-dividend today, 20 June 2014, for dividend of Rs 7.50 per share for the year ended 31 March 2014.

Meanwhile, the S&P BSE Sensex was down 98.69 points or 0.39% at 25,103.11.

On BSE, so far 4,802 shares were traded in the counter as against average daily volume of 19,000 shares in the past two weeks.

The stock hit a high of Rs 897.10 and a low of Rs 880 so far during the day.

Before turning ex-dividend, the stock offered a dividend yield of 0.83% based on the closing price of Rs 895.55 on Thursday, 19 June 2014.

Atul's net profit surged 140.5% to Rs 51.56 crore on 32% growth in net sales to Rs 648.07 crore in Q4 March 2014 over Q4 March 2013.

Atul has seven businesses, namely, aromatics, bulk chemicals & intermediates, colors, crop protection, floras, pharmaceuticals & intermediates, and polymers.

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