C & C Constructions slides ex-dividend

Meanwhile, the BSE Sensex was down 290.78 points, or 1.72% to 16,586.28.

On BSE, 750 shares were traded in the counter as against average daily volume of 6,720 shares in the past one quarter.

The stock hit a high of Rs 95.85 and a low of Rs 92.80 so far during the day. The stock had hit a 52-week low of Rs 79.60 on 20 June 2011. The stock had hit a 52-week high of Rs 225.70 on 8 December 2010.

The small-cap stock had underperformed the market over the past one month till 7 December 2011, declining 13.39% compared with the Sensex's 3.9% fall. The scrip had also underperformed the market in past one quarter, falling 19.47% as against 1.1% decline in the Sensex.

The company has an equity capital of Rs 25.45 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 2.87% based on the closing price of Rs 95.75 on Wednesday, 7 December 2011.

On a consolidated basis, C &C Constructions' net profit fell 7.9% to Rs 5.33 crore on 1.1% growth in net sales to Rs 254.03 crore in Q1 September 2011 over Q1 September 2010.

C & C Constructions provides engineering, procurement and construction services. It operates in transportation engineering projects, including construction of roads, bridges, flyovers and airport runways. The company operates in India and Afghanistan

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