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Empee Distilleries plunges ex-dividend

Capital Market/ 09:42 , Sep 20, 2011

Empee Distilleries fell 5% to Rs 97 at 9:40 IST on BSE after the stock turned ex-dividend today, 20 September 2011, for dividend of Rs 5 per share for the year ended March 2011.

Meanwhile, the BSE Sensex was up 121.64 points, or 0.73% to 16,866.99.

On BSE, 750 shares were traded in the counter as against an average daily volume of 3,765 shares in the past one quarter.

The stock hit a high of Rs 98 and a low of Rs 97 so far during the day. The stock had hit a 52-week high of Rs 170.10 on 20 September 2010 and a 52-week low of Rs 90 on 19 August 2011.

The stock had outperformed the market over the past one month till 19 September 2011, gaining 12.26% compared with the Sensex's return of 3.74%. The scrip had also outperformed the market in past one quarter, rising 4.02% as against 6.30% decline in the Sensex.

The small-cap liquor maker has an equity capital of Rs 19 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 4.9% based on the closing price of Rs 102.10 on Monday, 19 September 2011.

Empee Distilleries' net profit plunged 56.3% to Rs 5.14 crore on 13.1% rise in net sales to Rs 225.61 crore in Q1 June 2011 over Q1 June 2010.

 



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