Meanwhile, the BSE Sensex was down 256.92 points, or 1.35%, to 18,741.10.

On BSE, 17,490 shares were traded in the counter as against average daily volume of 60,868 shares over the past one quarter.

The stock hit a high of Rs 174.50 and a low of Rs 170.50 so far during the day. The stock had hit a 52-week high of Rs 202 on 8 November 2010 and a 52-week low of Rs 131.80 on 9 June 2010.

The mid-cap stock had outperformed the market over the past one month till 2 May 2011, rising 15.50% compared with the Sensex's of 2.17% fall. The stock had underperformed the market in past one quarter, gaining 1.89% as against Sensex's return of 5.02%.

The company has an equity capital of Rs 70.83 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 2.62% based on the closing price of Rs 175.50 on Monday, 2 May 2011.

Rain Commodities' consolidated net profit fell 61.8% to Rs 42.13 crore on 40.2% surge in net sales to Rs 1149.52 crore in Q4 March 2011 over Q4 March 2010.