C. Mahendra Exports lost 3.27% to Rs 194.95 at 15:17 IST on BSE as the stock turned ex-dividend today, 5 March 2014, for interim dividend of 10 paise per share for the year ending 31 March 2014.
Meanwhile, the S&P BSE Sensex was up 66.02 points or 0.31% at 21,275.75.
On BSE, so far 41,000 shares were traded in the counter as against average daily volume of 61,000 shares in the past two weeks.
The stock hit a high of Rs 202.30 and a low of Rs 194 so far during the day.
Before turning ex-dividend, the stock offered a dividend yield of 0.04% based on the closing price of Rs 201.55 on Tuesday, 4 March 2014.
C. Mahendra Exports' net profit fell 81.4% to Rs 1 crore on 15.9% decline in net sales to Rs 397.92 crore in Q3 December 2013 over Q3 December 2012.
C.Mahendra Exports is one of the leading diamantaire and jewelry company with a wide spread around the world.
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