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JL Morison corrects on turning ex-dividend

Capital Market/ 13:52 , Sep 02, 2010

JL Morison (India) dropped 2.94% to Rs 360 at 13:50 IST on BSE after the stock turned ex-dividend for a dividend of Re 1 per share for the year ended March 2010.

Meanwhile, the BSE Sensex was up 68.07 points, or 0.37% at 18,273.94.

On BSE, one share was traded in the counter as against an average daily volume of 735 shares in the past one quarter.

The stock hit a high of Rs 360 and a low of Rs 360 so far during the day. The stock had hit a 52-week high of Rs 475 on 8 March 2010 and a 52-week low of Rs 268.25 on 1 September 2009.

The small-cap stock had outperformed the market over the past one month till 1 September 2010, rising 11.35% as compared to the Sensex's return of 1.89%. It had also outperformed the market in the past one quarter, gaining 12.36% as compared to the Sensex's return of 9.86%.

The company has an equity capital of Rs 1.37 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 0.27% based on closing price of Rs 370.90 on Wednesday, 1 September 2010.

JL Morison (India) reported net loss of Rs 0.02 crore in Q1 June 2010 compared to net profit of Rs 0.31 crore in Q1 June 2009. Net sales rose 24.1% to Rs 22.62 crore in Q1 June 2010 over Q1 June 2009.

 



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