Meanwhile, the BSE Sensex was up 200.57 points, or 1.08%, to 18,693.02.

On BSE, 10,500 shares were traded in the counter as against an average daily volume of 26,696 shares in the past one quarter.

The stock hit a high of Rs 186.80 and a low of Rs 177.50 so far during the day. The stock had hit a 52-week high of Rs 217.95 on 11 November 2010 and a 52-week low of Rs 98.75 on 5 July 2010.

The small-cap stock had outperformed the market over the past one month till 28 June 2011, gaining 6.32% compared with the Sensex's return of 1.24%. The scrip had also outperformed the market in past one quarter, rising 7.32% as against 2.38% decline in the Sensex.

The company has an equity capital of Rs 29.67 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 2.39% based on the closing price of Rs 188.50 on Tuesday, 28 June 2011.

Atul's net profit fell 18.2% to Rs 12.53 crore on 20.3% rise in net sales to Rs 390.99 crore in Q4 March 2011 over Q4 March 2010.

Atul operates through six business divisions--agrochemicals, aromatics, bulk chemicals & intermediates, colors, pharmaceuticals & intermediates and polymers.