Meanwhile, the BSE Sensex was down 271.18 points, or 1.47%, to 18,198.18.

On BSE, 816 shares were traded in the counter as against average daily volume of 9,031 shares over the past two weeks.

The stock hit a high of Rs 84.90 and a low of Rs 82.85 so far during the day.

Before turning ex-dividend, the stock offered a dividend yield of 2.38% based on the closing price of Rs 84.10 on Wednesday, 4 May 2011.

Automotive Stampings & Assemblies' net profit surged 34.4% to Rs 4.06 crore on 8.5% rise in net sales to Rs 141.17 crore in Q4 March 2011 over Q4 March 2010.