Everest Industries lost 1.57% to Rs 307.10 at 14:21 IST on BSE as the stock turned ex-dividend today, 21 June 2016, for dividend of Rs 5 per share for the year ended 31 March 2016.
Meanwhile, the S&P BSE Sensex was down 39.51 points or 0.15% at 26,827.41.
On BSE, so far 144 shares were traded in the counter as against average daily volume of 3,368 shares in the past one quarter. The stock hit a high of Rs 311 and a low of Rs 306 so far during the day. The stock had hit a 52-week low of Rs 193 on 12 February 2016. The stock had hit a record high of Rs 430 on 15 July 2015. The stock had outperformed the market over the past one month till 20 June 2016, advancing 9.55% compared with Sensex's 6.19% rise. The scrip had also outperformed the market in past one quarter, surging 33.22% as against Sensex's 7.67% rise.
The small-cap company has equity capital of Rs 15.39 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 1.6% based on the closing price of Rs 312 on BSE yesterday, 20 June 2016.
Everest Industries' net profit rose 18.1% to Rs 11.89 crore on 6.1% growth in net sales to Rs 333.63 crore in Q4 March 2016 over Q4 March 2015.
Everest Industries is one of India's fastest growing building solutions companies.
Powered by Capital Market - Live News
