Sree Rayalaseema Hi-Strength Hypo drops ex-dividend

http://pr-usa.net/index.php?option=com_content&task=view&id=692133&Itemid=34

Capital Market / 15:23 , Mar 28, 2011

Sree Rayalaseema Hi-Strength Hypo declined 3.02% to Rs. 46.50 at 15:21 IST on BSE, after the stock turned ex-dividend today, 28 March 2011, for an interim dividend of Rs. 1.50 per share for the year ending March 2011.

Meanwhile, the BSE Sensex was up 144.09 points, or 0.77%, to 18,959.73. On BSE, 5,743 shares were traded in the counter as against average daily volume of 5,543 shares over the past one quarter. The stock hit a high of Rs. 49.50 and a low of Rs. 46.15 so far during the day. The stock had hit a record high of Rs. 73.95 on 28 December 2010 and a 52-week low of Rs. 29.80 on 7 May 2010. The small-cap stock had outperformed the market over the past one month till 25 March 2011, gaining 16.38% compared with the Sensex's return of 6.30%. The stock had underperformed the market in past one quarter, falling 29.07% as against Sensex's decline of 6.27%. The company has an equity capital of Rs. 10.95 crore. Face value per share is Rs. 10. Before turning ex-dividend, the stock offered a dividend yield of 3.13% based on the closing price of Rs. 47.95 on Friday, 25 March 2011. Sree Rayalaseema Hi-Strength Hypo's net profit soared 83.9% to Rs. 3.77 crore on 72.8% jump in net sales to Rs. 51.07 crore in Q3 December 2010 over Q3 December 2009.