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Shiv Vani Oil & Gas slides ex-dividend

Capital Market / 11:49 , Sep 26, 2011

Shiv Vani Oil & Gas Exploration Services fell 2.2% to Rs 188.55 at 11:48 IST on BSE, after the stock turned ex-dividend today, 26 September 2011, for dividend of Rs 2 per share for the year ended March 2011.

Meanwhile, the BSE Sensex was down 341.06 points, or 2.11% to 15,821.

On BSE, 6,865 shares were traded in the counter as against an average daily volume of 14,700 shares in the past one quarter.

The stock hit a high of Rs 200 and a low of Rs 188.15 so far during the day. The stock had hit a 52-week high of Rs 476.50 on 8 October 2010 and hit a 52-week low of Rs 161.10 on 29 August 2011.

The small-cap stock had outperformed the market over the past one month till 23 September 2011, gaining 16.07% compared with the Sensex's 2.04% fall. The scrip had, however, underperformed the market in past one quarter, falling 11.46% as against 8.83% decline in the Sensex.

The company has an equity capital of Rs 46.36 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.04% based on the closing price of Rs 192.80 on Friday, 23 September 2011.

Shiv Vani Oil & Gas Exploration Services' net profit rose 5.9% to Rs 68.31 crore on 2.9% increase in net sales to Rs 408.57 crore in Q1 June 2011 over Q1 June 2010.

Shiv Vani Oil & Gas Exploration Services is a premier service provider catering to the upstream segment of the oil and gas industry.

 



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