CapitalMarket.com - KEC International drops ex-dividend
Hot Pursuit Wednesday, June 27, 2012 12:25 Hrs IST

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KEC International drops ex-dividend

KEC International fell 0.44% to Rs 56.05 at 12:24 IST on BSE after the stock turned ex-dividend today, 27 June 2012, for a dividend of Rs 1.20 per share for the year ended March 2012.

Meanwhile, the BSE Sensex was up 92.22 points or 0.55% to 16,998.80.

On BSE, 7,970 shares were traded in the counter as against average daily volume of 45,092 shares in the past one quarter.

The stock hit a high of Rs 56.25 and a low of Rs 55.60 so far during the day. The stock had hit a 52-week low of Rs 31.80 on 20 December 2011. The stock had hit a 52-week high of Rs 84.25 on 21 July 2011.

The stock had outperformed the market over the past one month till 26 June 2012, surging 10.83% compared with the Sensex's 4.25% rise. The scrip had, however, underperformed the market in past one quarter, falling 6.71% as against Sensex's 0.86% decline.

The company has an equity capital of Rs 51.42 crore. Face value per share is Rs 2.

Before turning ex-dividend, the stock offered a dividend yield of 2.13% based on the closing price of Rs 56.30 on Tuesday, 26 June 2012.

KEC International's consolidated net profit fell 5.3% to Rs 74.42 crore on 32.1% growth in net sales to Rs 2018.18 crore in Q4 March 2012 over Q4 March 2011.

KEC International is a global infrastructure engineering, procurement and construction (EPC) company. It has presence in the verticals of power transmission, power systems, cables, railways, telecom and water. The company has powered infrastructure development in 45 countries across South Asia, Middle East, Africa, Central Asia and Americas

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