Meanwhile, the BSE Sensex was up 106.35 points, or 0.58%, to 18,517.97.

On BSE, 10,157 shares were traded in the counter as against an average daily volume of 34,427 shares in the past one quarter.

The stock hit a high of Rs 33.90 and a low of Rs 32.70 so far during the day. The stock had hit a 52-week high of Rs 54.70 on 25 August 2010 and a 52-week low of Rs 29.10 on 10 February 2011.

The small-cap stock had outperformed the market over the past one month till 12 July 2011, rising 1.65% compared with the Sensex's return of 0.78%. The scrip had, however, underperformed the market in past one quarter, falling 10.20% as against 4.42% decline in the Sensex.

The company has an equity capital of Rs 41.12 crore. Face value per share is Rs 2.

Before turning ex-dividend, the stock offered a dividend yield of 4.42% based on the closing price of Rs 33.90 on Tuesday, 12 July 2011.

IL&FS Investment Managers' consolidated net profit declined 22% to Rs 18.25 crore on 9.8% rise in total income to Rs 56.27 crore in Q4 March 2011 over Q4 March 2010.

IL&FS Investment Managers is a subsidiary of Infrastructure Leasing & Financial Services, is one of the oldest and largest private equity fund managers in India, with over $ 3.2 billion under management.