Aurobindo Pharma drops after turning ex-dividend

Aurobindo Pharma dropped 0.51% to Rs 1,305 at 11:45 IST on BSE after the stock turned ex-dividend today, 8 June 2015, for interim dividend of Rs 1 per share for the year ended 31 March 2015.

Meanwhile, the BSE Sensex was down 120.69 points, or 0.45%, to 26,647.80.

On BSE, so far 22,835 shares were traded in the counter, compared with an average volume of 1.44 lakh shares in the past one quarter.

The stock hit a high of Rs 1,327.50 and a low of Rs 1,302.85 so far during the day. The stock hit a record high of Rs 1,432.10 on 17 April 2015. The stock hit a 52-week low of Rs 627.10 on 5 June 2014.

The stock had underperformed the market over the past one month till 5 June 2015, falling 3.79% compared with 2.45% decline in the Sensex. The scrip had however outperformed the market in past one quarter, gaining 20.13% as against Sensex's 9.1% fall.

The large-cap pharma company has an equity capital of Rs 29.20 crore. Face value per share is Re 1.

Before turning ex-dividend, the stock offered a dividend yield of 0.076% based on the closing price of Rs 1,311.75 on Friday, 5 June 2015.

Aurobindo Pharma's consolidated net profit dropped 19.5% to Rs 403.80 crore on 35.5% rise in total income to Rs 3168.81 crore in Q4 March 2015 over Q4 March 2014.

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