CapitalMarket.com - Clariant Chemicals (India) drops ex-dividend
Hot Pursuit Tuesday, August 07, 2012 14:21 Hrs IST

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Clariant Chemicals (India) drops ex-dividend

Clariant Chemicals (India) fell 1.54% to Rs 631 at 14:19 IST on BSE after the stock turned ex-dividend today, 7 August 2012, for interim dividend of Rs 10 per share for the year ending 31 December 2012.

Meanwhile, the BSE Sensex was up 207.42 points or 1.19% to 17,620.38.

On BSE, 1,588 shares were traded in the counter as against average daily volume of 2,586 shares in the past one quarter.

The stock hit a high of Rs 640 and a low of Rs 626 so far during the day. The stock had hit a 52-week low of Rs 556.15 on 6 January 2012. The stock had hit a 52-week high of Rs 745 on 17 August 2011.

The small-cap stock outperformed the market over the past one month till 6 August 2012, falling 0.24% compared with the Sensex's 0.62% fall. The scrip had also outperformed the market in past one quarter, jumping 6.36% as against the Sensex's 3.46% rise.

The company has equity capital of Rs 26.66 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.56% based on the closing price of Rs 640.90 on Monday, 6 August 2012.

Clariant Chemicals (India)'s net profit rose 1.1% to Rs 30.76 crore on 8.5% growth in net sales to Rs 282.11 crore in Q2 June 2012 over Q2 June 2011.

Clariant Chemicals (India) is a specialty chemicals company.

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