CapitalMarket.com - Disa India slumps ex-dividend
Hot Pursuit Monday, April 30, 2012 11:26 Hrs IST

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Disa India slumps ex-dividend

Disa India lost 8.32% to Rs 3,401 at 11:13 IST on BSE after the stock turned ex-dividend today, 30 April 2012, for a dividend of Rs 200 per share for the year ended 31 December 2011.

Meanwhile, the BSE Sensex was up 127.01 points, or 0.74% to 17,314.35

On BSE, 546 shares were traded in the counter as against average daily volume of 1,218 shares over the past one quarter.

The stock hit a high of Rs 3,505 and a low of Rs 3,380 so far during the day. The stock had hit a record high of Rs 3,944.45 on 19 April 2012. The stock had hit a 52-week low of Rs 1,370 on 24 August 2011.

The stock had outperformed the market over the past one month till 28 April 2012, rising 32.64% compared with the Sensex's return of 0.38%. The scrip had also outperformed the market in past one quarter, advancing 140.92% as against 0.27% decline in the Sensex.

The small-cap engineering firm has an equity capital of Rs 1.51 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 5.39% based on the closing price of Rs 3,709.55 on Saturday, 28 April 2012.

At the time of announcing the Q4 December 2011 results on 29 February 2012, Disa India's board had declared a liberal dividend of Rs 200 per share for the year ended 31 December 2011.

Disa India manufactures foundry machinery like moulding plants, sand plants and shot blasting machines.

The company's net profit rose 45.2% to Rs 12.37 crore on 33.1% growth in net sales to Rs 58.68 crore in Q4 December 2011 over Q4 December 2010.

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