VST Industries drops ex-dividend

Meanwhile, the S&P BSE Sensex was up 140.34 points or 0.73% at 19,465.11.

On BSE, 323 shares were traded in the counter as against average daily volume of 3,303 shares in the past one quarter.

The stock hit a high of Rs 1,549 and a low of Rs 1,516 so far during the day. The stock had hit a 52-week high of Rs 1,960 on 31 December 2012. The stock had hit a 52-week low of Rs 1,480.50 on 15 April 2013.

The stock had underperformed the market over the past one month till 8 July 2013, sliding 1.09% compared with the Sensex's 0.54% fall. The scrip had also underperformed the market in past one quarter, gaining 3.8% as against Sensex's 4.81% rise.

The small-cap company has equity capital of Rs 15.44 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.9% based on the closing price of Rs 1,598.90 on Monday, 8 July 2013.

VST Industries' net profit fell 5.4% to Rs 34.74 crore on 18.2% decline in net sales to Rs 160 crore in Q4 March 2013 over Q4 March 2012.

VST Industries manufactures and sells cigarettes.

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