Meanwhile, the BSE Sensex was down 126.93 points, or 0.66%, to 19,009.03.

On BSE, 1,809 shares were traded in the counter as against average daily volume of 7,423 shares over the past one quarter.

The stock hit a high of Rs 116 and a low of Rs 114 so far during the day.

The company has an equity capital of Rs 9.36 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 2.14% based on the closing price of Rs 116.60 on Friday, 29 April 2011.

G M Breweries' net profit jumped 672.7% to Rs 5.10 crore on 11.7% rise in net sales to Rs 62.52 crore in Q4 March 2011 over Q4 March 2010.