Hot Pursuit     30-Jul-12
Akzo Nobel India drops ex-dividend
Akzo Nobel India fell 2.3% to Rs 874.55 at 10:41 IST on BSE after the stock turned ex-dividend today, 30 July 2012, for dividend of Rs 20 per share for the year ended 31 March 2012.

Meanwhile, the BSE Sensex was up 172.81 points or 1.03% to 17,012

On BSE, 1,068 shares were traded in the counter as against average daily volume of 6,607 shares in the past one quarter.

The stock hit a high of Rs 880 and a low of Rs 861 so far during the day. The stock had hit a record high of Rs 1,045 on 28 July 2011. The stock had hit a 52-week low of Rs 693.25 on 19 December 2011.

The mid-cap stock outperformed the market over the past one month until 27 July 2012, rising 3.49% compared with the Sensex's 0.76% fall. The scrip had also outperformed the market in past one quarter, gaining 8.23% as against 1.72% fall in the Sensex.

The company has an equity capital of Rs 36.83 crore. Face value per share is Rs 10.

Akzo Nobel India's net profit rose 35.3% to Rs 78.24 crore on 250.2% growth in net sales to Rs 933.63 crore in the Q4 March 2012 over Q4 March 2011.

Akzo Nobel India is mainly into the paints business.

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