Precision Wires India fell 1.7% to Rs 156 at 10:45 IST on BSE after the stock turned ex-dividend today, 18 November 2015, for an interim dividend of Rs 2.50 per share for the year ending 31 March 2016.
Meanwhile, the BSE Sensex was down 34.90 points, or 0.13% to 25,829.57
On BSE, so far 2,152 shares were traded in the counter as against average daily volume of 4,622 shares in the past one quarter.
The stock hit a high of Rs 159 and a low of Rs 156 so far during the day. The stock had hit a 52-week high of Rs 165.90 on 22 January 2015. The stock had hit a 52-week low of Rs 109.60 on 3 June 2015.
The stock had outperformed the market over the past one month till 17 November 2015, rising 21.24% compared with Sensex's 4.96% fall. The scrip had also outperformed the market in past one quarter, gaining 11.6% as against Sensex's 7.22% decline.
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The small-cap company has an equity capital of Rs 11.56 crore. Face value per share is Rs 10.
Ahead of turning ex-dividend, the Precision Wires India stock offered dividend yield of 1.57% based on the scrip's closing price of Rs 158.70 on BSE yesterday, 17 November 2015.
Precision Wires India's net profit rose 59.9% to Rs 4.51 crore on 1% fall in net sales to Rs 221.69 crore in Q2 September 2015 over Q2 September 2014.
Precision Wires India is the largest manufacturer of copper winding wires in the country.
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