Munjal Auto drops ex-dividend

Munjal Auto Industries fell 1.61% to Rs 134.20 at 14:33 IST on BSE after the stock turned ex-dividend today, 22 June 2017, for final dividend of Rs 2 per share for the year ended 31 March 2017.

Meanwhile, the S&P BSE Sensex was up 159.88 points, or 0.51% at 31,443.52. The S&P BSE Small-Cap index was up 36.01 points, or 0.23% at 15,732.28.

On the BSE, 36,000 shares were traded on the counter so far as against the average daily volumes of 29,781 shares in the past one quarter. The stock had hit a high of Rs 137.20 and a low of Rs 134.10 so far during the day. The stock had hit a record high of Rs 140 on 21 June 2017 and a 52-week low of Rs 76 on 24 June 2016.

The stock had outperformed the market over the past one month till 21 June 2017, advancing 29.04% compared with the Sensex's 2.69% rise. The scrip had also outperformed the market over the past one quarter advancing 39.04% as against the Sensex's 6.1% rise. The scrip had also outperformed the market over the past one year advancing 71.68% as against the Sensex's 16.67% rise.

The small-cap company has equity capital of Rs 10 crore. Face value per share is Rs 2.

Before turning ex-dividend, the stock offered a dividend yield of 1.46% based on the closing price of Rs 136.40 yesterday, 21 June 2017.

Munjal Auto Industries' net profit rose 43% to Rs 9.11 crore on 6% decrease in net sales to Rs 214.22 crore in Q4 March 2017 over Q4 March 2016.

Munjal Auto Industries is a auto component manufacturing company in India.

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