Clariant Chemicals hits 52-week low

Clariant Chemicals (India) lost 3.34% to Rs 474.45 at 10:29 IST on BSE, as the stock turned ex-dividend today, 12 April 2013, for final dividend of Rs 17.50 per share for the year ended 31 December 2012.

Meanwhile, the S&P BSE Sensex was down 269.77 points or 1.45% at 18,272.43.

On BSE, 1,067 shares were traded in the counter as against average daily volume of 5,403 shares in the past one quarter.

The stock hit a low of Rs 472.35 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 485 so far during the day. The stock had hit a 52-week high of Rs 680 on 11 April 2012.

The stock had underperformed the market over the past one month till 11 April 2013, sliding 9.06% compared with the Sensex's 5.62% fall. The scrip had also underperformed the market in past one quarter, declining 20.28% as against Sensex's 5.7% fall.

The small-cap company has equity capital of Rs 26.66 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.56% based on the closing price of Rs 490.85 on Thursday, 11 April 2013.

Clariant Chemicals (India)'s net profit declined 22.6% to Rs 22.05 crore on 17.2% growth in net sales to Rs 282.76 crore in Q4 December 2012 over Q4 December 2011.

Clariant Chemicals (India) is a specialty chemicals company

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