Hinduja Global plunges ex-dividend

Hinduja Global Solutions slumped 8.74% to Rs 327 at 10:59 IST on BSE after the stock turned ex-dividend today, 3 August 2012, for dividend of Rs 20 per share for the year ended 31 March 2012.

Meanwhile, the BSE Sensex was down 154.94 points or 0.9% to 17,069.42

On BSE, 2,628 shares were traded in the counter as against average daily volume of 3,217 shares in the past one quarter.

The stock hit a high of Rs 330.15 and a low of Rs 320.05 so far during the day. The stock had hit a 52-week high of Rs 364 on 2 August 2012. The stock had hit a 52-week low of Rs 283.10 on 30 December 2011.

The small-cap stock outperformed the market over the past one month till 2 August 2012, rising 4.37% compared with the Sensex's 1% fall. The scrip had also outperformed the market in past one quarter, advancing 13.94% as against Sensex's 0.45% fall.

The company has an equity capital of Rs 20.59 crore. Face value per share is Rs 10.

Before turning ex-dividend, the Hinduja Global Solutions stock offered a dividend yield of 5.58% based on the closing price of Rs 358.30 on Thursday, 2 August 2012.

Hinduja Global Solutions' consolidated net profit rose 10.29% to Rs 31.07 crore on 0.73% rise in total income to Rs crore in Q4 March 2012 over Q3 December 2011.

Hinduja Global Solutions is a part of the multi-billion dollar conglomerate Hinduja Group, one of the leading providers of outsourcing solutions. The company currently serves several Fortune 500 customers through its 47 Global Delivery Centers & employs over 24,000 people worldwide.

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