Meanwhile, the BSE Sensex was down 257.10 points, or 1.51%, to 16,733.08.

On BSE, 1,860 shares were traded in the counter as against an average daily volume of 15,688 shares in the past one quarter.

The stock hit a high of Rs 479 and a low of Rs 467.65 so far during the day. The stock had hit a 52-week high of Rs 558.50 on 20 July 2011 and a 52-week low of Rs 389 on 10 February 2011.

The mid-cap stock had outperformed the market over the past one month till 8 August 2011, rising 1.35% compared with the Sensex's 9.90% fall. The scrip had also outperformed the market in past one quarter, gaining 0.25% as against 8.25% decline in the Sensex.

The company has an equity capital of Rs 31.57 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.67% based on the closing price of Rs 490.80 on Monday, 8 August 2011.

Ingersoll-Rand (India)'s net profit rose 11.9% to Rs 18.05 crore on 24.5% increase in net sales to Rs 125.79 crore in Q1 June 2011 over Q1 June 2010.

Ingersoll-Rand (India) manufactures industrial equipment. The company's products include air compressors and stationary generators.