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Josts Engineering drops ex-dividend

Capital Market/ 11:56 , May 26, 2011

Josts Engineering Company lost 2.17% to Rs 465 at 11:52 IST on BSE, after the stock turned ex-dividend today, 26 May 2011, for dividend of Rs 20 per share for the year ended March 2011.

Meanwhile, the BSE Sensex was up 167.40 points, or 0.94%, to 18,014.64

On BSE, 192 shares were traded in the counter.

The stock hit a high of Rs 466.50 and a low of Rs 432 so far during the day.

The company has an equity capital of Rs 0.76 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 4.2% based on the closing price of Rs 475.30 on Wednesday, 25 May 2011.

Josts Engineering Company's net profit surged 175% to Rs 1.98 crore on 49.6% rise in net sales to Rs 25.72 crore in Q4 March 2011 over Q4 March 2010.

 



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