TTK Prestige drops ex-dividend

Meanwhile, the S&P BSE Sensex was down 235.99 points or 1.21% at 19,227.83.

On BSE, 805 shares were traded in the counter as against average daily volume of 12,030 shares in the past one quarter.

The stock hit a high of Rs 3,376 and a low of Rs 3,310 so far during the day. The stock had hit a 52-week low of Rs 2,870 on 16 April 2013. The stock had hit a record high of Rs 3,996 on 10 October 2012.

The stock had underperformed the market over the past one month till 2 July 2013, sliding 3.88% compared with the Sensex's 1.5% fall. The scrip had also underperformed the market in past one quarter, gaining 1.47% as against Sensex's 2.22% rise.

The mid-cap company has equity capital of Rs 11.34 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 0.51% based on closing price of Rs 3,389.85 on Tuesday, 2 July 2013.

TTK Prestige's net profit surged 42% to Rs 28.03 crore on 21.8% growth in net sales to Rs 283.27 crore in Q4 March 2013 over Q4 March 2012.

TTK Prestige makes kitchen appliances under 'Prestige' brand.

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