IRB Infrastructure Developers fell 1.54% to Rs 230.65 at 09:51 IST on BSE after the stock turned ex-dividend today, 6 June 2017 for an interim dividend of Rs 3 per share for the year ended 31 March 2017.
Meanwhile, the S&P BSE Sensex was down 34.41 points or 0.11% at 31,275.05. The S&P BSE Mid-Cap index was down 33.33 points or 0.22% at 14,790.73.
On the BSE, 41,000 shares were traded on the counter so far as against the average daily volumes of 3.23 lakh shares in the past one quarter. The stock had hit a high of Rs 234.25 and a low of Rs 230 so far during the day. It had hit a 52-week high of Rs 272.40 on 3 May 2017 and a 52-week low of Rs 177.50 on 23 November 2016.
The mid-cap company has equity capital of Rs 351.45 crore. Face value per share is Rs 10.
Before turning ex-dividend, the IRB Infrastructure Developers stock offered a dividend yield of 1.28% based on its closing price of Rs 234.25 on the BSE yesterday, 5 June 2017.
On a consolidated basis, IRB Infrastructure Developers' net profit rose 32.15% to Rs 207.23 crore on 5.89% growth in net sales to Rs 1627.12 crore in Q4 March 2017 over Q4 March 2016.
IRB Infrastructure Developers is one of the largest private roads and highways infrastructure developers in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
