Coal India fell 4.48% to Rs 377 at 10:37 IST on BSE after the stock turned ex-dividend today, 3 March 2015 for an interim dividend of Rs 20.70 per share for the year ending 31 March 2015.
Meanwhile, the BSE Sensex was up 22.42 points, or 0.08%, to 29,481.56.
On BSE, so far 1.24 lakh shares were traded in the counter, compared with an average volume of 4.93 lakh shares in the past one quarter.
The stock hit a high of Rs 379.80 and a low of Rs 372.25 so far during the day. The stock hit a record high of Rs 423.85 on 11 June 2014. The stock hit a 52-week low of Rs 240.80 on 3 March 2014.
The stock had outperformed the market over the past one month till 2 March 2015, rising 11.21% compared with 1.16% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.12% as against Sensex's 3.57% rise.
The large-cap company has an equity capital of Rs 6316.36 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 5.24% based on the closing price of Rs 394.70 on yesterday, 2 March 2015.
With respect to media reports titled CIL Board Approves East corridor Railway Project, Coal India after market hours yesterday, 2 March 2015, clarified that at the company's board meeting held on 27 February'2015, the board considered project report on East Rail Corridor Railways Project for construction of rail line at Chhattisgarh state and accorded its approval to first year expenditure. The minutes of the meeting is under preparation and it will take some time to finalize. The company is waiting for the final minutes to disseminate the information to stock exchanges, Coal India said.
Coal India's net profit fell 92.8% to Rs 695.82 crore on 90.2% drop in total income to Rs 981.23 crore in Q3 December 2014 over Q3 December 2013.
Coal India is an organized state owned coal mining corporate.
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