Goodricke Group lost 2.64% to Rs 140.10 at 13:01 IST on BSE as the stock turned ex-dividend today, 28 March 2014, for dividend of Rs 4.50 per share for the year ended 31 December 2013.
Meanwhile, the S&P BSE Sensex was down 6.32 points or 0.03% at 22,208.05.
On BSE, so far 8,442 shares were traded in the counter as against average daily volume of 8,085 shares over the past one quarter.
The stock hit a high of Rs 141.45 and a low of Rs 139.20 so far during the day. The stock had hit a 52-week low of Rs 106 on 20 August 2013. The stock had 52-week high of Rs 155.85 on 20 December 2013.
The stock had underperformed the market over the past one month till 27 March 2014, surging 7.07% compared with Sensex's 5.85% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 0.69% as against Sensex's 4.82% rise.
The small-cap company has equity capital of Rs 21.60 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 3.12% based on the closing price of Rs 143.90 on Thursday, 27 March 2014.
Goodricke Group's net profit surged 36.7% to Rs 25.94 crore on 11.7% growth in net sales to Rs 263.26 crore in Q4 December 2013 over Q4 December 2012.
Goodricke Group is engaged in the business of cultivation, manufacture and sale of tea. It has tea estates in Darjeeling, Dooars (North Bengal) and Assam.
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