Hot Pursuit     08-Sep-11
Jyothy Laboratories slides ex-dividend
Jyothy Laboratories fell 1.97% to Rs 173.80 at 9:47 IST on BSE after the stock turned ex-dividend today, 8 September 2011, for dividend of Rs 5 per share for the year ended March 2011.

Meanwhile, the BSE Sensex was down 32.33 points, or 0.19% to 17,032.67.

On BSE, 992 shares were traded in the counter as against an average daily volume of 23,362 shares in the past one quarter.

The stock hit a high of Rs 175 and a low of Rs 173 so far during the day. The stock had hit a record high of Rs 321.95 on 25 October 2010 and a 52-week low of Rs 163.10 on 26 August 2011.

The mid-cap stock had underperformed the market over the past one month till 7 September 2011, declining 21.55% compared with the Sensex's 1.39% fall. The scrip had also underperformed the market in past one quarter, falling 14.47% as against 7.73% decline in the Sensex.

The company has an equity capital of Rs 8.06 crore. Face value per share is Rs 1.

Before turning ex-dividend, the stock offered a dividend yield of 2.82% based on the closing price of Rs 177.30 on Wednesday, 7 September 2011.

Jyothy Laboratories' net profit plunged 45.2% to Rs 14.02 crore on 18.7% fall in net sales to Rs 122.99 crore in Q1 June 2011 over Q1 June 2010.

Jyothy Laboratories manufactures and distributes brands across product categories as diverse as fabric care, household insecticides, utensil cleaners, fragrances, personal care, besides marketing tea and coffee brands.

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