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Jindal Saw slides ex-dividend

Capital Market / 11:01 , Sep 09, 2010

Jindal Saw declined 0.86% to Rs 212.45 at 11:01 IST on BSE, after the stock turned ex-dividend today, 9 September 2010, for a dividend of Rs 1.25 per share for the year ended March 2010.

Meanwhile, the BSE Sensex was up 64.83 points, or 0.35% at 18,731.54.

On BSE, 24,532 shares were traded in the counter as against an average daily volume of 1.28 lakh shares in the past one quarter.

The stock hit a high of Rs 215.90 and a low of Rs 211.55 so far during the day. The stock had hit a 52-week high of Rs 227.10 on 7 April 2010 and a 52-week low of Rs 112.40 on 8 September 2009.

The mid-cap stock had outperformed the market over the past one month till 8 September 2010, rising 6.43% as compared to the Sensex's return of 2.88%. It had also outperformed the market in the past one quarter, gaining 15.81% as compared to the Sensex's return of 12.33%.

The company has an equity capital of Rs 55.24 crore. Face value per share is Rs 2.

Before turning ex-dividend, the stock offered a dividend yield of 0.58% based on closing price of Rs 214.30 on Wednesday, 8 September 2010.

Jindal Saw's net profit rose 11.1% to Rs 151.11 crore on 24.3% fall in net sales to Rs 1134.99 crore in the quarter ended June 2010 over the quarter ended June 2009.

 



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