Meanwhile, the BSE Sensex was down 19.10 points, or 0.09%, to 20,541.95.

On BSE, 35 shares were traded in the counter compared with the average volume of 1,433 shares for the past two weeks.

The stock hit a high of Rs 284.45 and a low of Rs 281.10 so far during the day.

Before turning ex-dividend, the stock offered a dividend yield of 1.73% based on closing price of Rs 289.70 on Monday, 3 January 2011.

India Nippon Electricals' net profit surged 53% to Rs 7.36 crore on 39.6% rise in net sales to Rs 58.70 crore in Q2 September 2010 over Q2 September 2009.