Tata Elxsi drops ex-dividend

Meanwhile, the S&P BSE Sensex was up 161.43 points or 0.82% at 19,837.49.

On BSE, 6,079 shares were traded in the counter as against average daily volume of 9,815 shares in the past one quarter.

The stock hit a high of Rs 202.20 and a low of Rs 195.50 so far during the day. The stock had hit a 52-week low of Rs 170.05 on 25 June 2013. The stock had hit a 52-week high of Rs 254.10 on 16 July 2012.

The stock had outperformed the market over the past one month till 11 July 2013, jumping 11.6% compared with the Sensex's 2.78% rise. The scrip had, however, underperformed the market in past one quarter, rising 5.44% as against Sensex's 6.12% gain.

The small-cap company has equity capital is Rs 31.14 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 2.49% based on the closing price of Rs 200.55 on Thursday, 11 July 2013.

Tata Elxsi's consolidated net profit declined 1.5% to Rs 8.14 crore on 12.3% growth in net sales to Rs 163.43 crore in Q4 March 2013 over Q4 March 2012.

Tata Elxsi is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions. A part of Tata group, Tata Elxsi addresses the communications, consumer products, defence, healthcare, media & entertainment, semiconductor and transportation sectors. The company has a network of design studios, development centers and offices worldwide.

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