Dabur India dropped 2.54% to Rs 304.75 at 12:45 IST on BSE after the stock turned ex-dividend today, 29 June 2016, for final dividend of Rs 1 per share for the year ended 31 March 2016.
Before turning ex-dividend, the stock offered a dividend yield of 0.31% based on the stock's closing price of Rs 312.70 on the BSE yesterday, 28 June 2016.
Meanwhile, the S&P BSE Sensex was up 121.63 points or 0.46% at 26,646.18.
Selling was also witnessed on profit booking after the stock hit record high yesterday, 28 June 2016. The stock had hit a record high of Rs 320 yesterday, 28 June 2016. On BSE, so far 71,774 shares were traded in the counter as against average daily volume of 1 lakh shares in the past one quarter. The stock hit high of Rs 316.50 and low of Rs 304.10 so far during the day. The stock had hit a 52-week low of Rs 231.30 on 27 January 2016. The stock had outperformed the market over the past one month till 28 June 2016, gaining 5.64% compared with Sensex's 0.48% fall. The scrip had also outperformed the market in past one quarter, gaining 28.58% as against Sensex's 6.24% gains.
The large-cap company has equity capital of Rs 176.15 crore. Face value per share is Rs 1.
Dabur India will announce Q1 results on 27 July 2016. Dabur India's consolidated net profit rose 16.6% to Rs 331.93 crore on 10.9% rise in net sales to Rs 2157.31 crore in Q4 March 2016 over Q4 March 2015.
Dabur India is one of the largest FMCG companies in India. The company operates in key consumer products categories like hair care, oral care, health care, skin care, home care & foods.
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