De Nora India drops ex-dividend

De Nora India lost 5.09% to Rs 124 at 14:13 IST on BSE as the stock turned ex-dividend today, 8 May 2014, for dividend of Rs 4 per share for the year ended 31 December 2013.

Meanwhile, the S&P BSE Sensex was down 14.31 points or 0.06% at 22,309.59.

On BSE, so far 2,758 shares were traded in the counter as against average daily volume of 2,011 shares in the past two weeks.

The stock hit a high of Rs 128 and a low of Rs 123 so far during the day.

Before turning ex-dividend, the stock offered a dividend yield of 3.06% based on the closing price of Rs 130.65 on Wednesday, 7 May 2014.

De Nora India's net profit fell 97.9% to Rs 0.06 crore on 61.1% decline in net sales to Rs 7.02 crore in Q4 December 2013 over Q4 December 2012.

De Nora provides products and services based on electrochemical technology through two main product lines, chlor-alkali and oxygen & specialities.

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