Automobile Corporation of Goa tumbled 5.55% to Rs 295 at 10:31 IST on BSE as the stock turned ex-dividend today, 20 May 2014, for final dividend of Rs 12.50 per share for the year ended 31 March 2014.
Meanwhile, the S&P BSE Sensex was up 17.78 points or 0.07% at 24,380.83.
On BSE, so far 1,157 shares were traded in the counter as against average daily volume of 4,413 shares in the past two weeks.
The stock hit a high of Rs 298.75 and a low of Rs 291.50 so far during the day.
Before turning ex-dividend, the stock offered a dividend yield of 4% based on the closing price of Rs 312.35 on Monday, 19 May 2014.
Automobile Corporation of Goa's net profit rose 2.3% to Rs 4.93 crore on 15.3% growth in net sales to Rs 76.71 crore in Q4 March 2014 over Q4 March 2013.
Automobile Corporation of Goa manufactures sheet metal components, assemblies and bus coaches at its factories situated at villages Honda & Bhuimpal, Goa.
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