Andhra Bank fell 4.36% to Rs 82.20 at 9:24 IST on BSE after turning ex-dividend today, 11 July 2013, for dividend of Rs 5 per share for the year ended 31 March 2013.
On BSE, 40,000 shares were traded in the counter as against an average daily volume of 1.72 lakh shares in the past one quarter.
The stock hit a high of Rs 83 and a low of Rs 81.35 so far during the day. The stock had hit a 52-week high of Rs 130 on 8 January 2013. The stock had hit a 52-week low of Rs 78.15 on 25 June 2013.
The stock had underperformed the market over the past one month till 10 July 2013, sliding 1.09% compared with the Sensex's 0.76% fall. The scrip had also underperformed the market in past one quarter, falling 6.83% as against Sensex's 4.78% rise.
The mid-cap company has an equity capital of Rs 559.58 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 5.82% based on the closing price of Rs 85.95 on Wednesday, 10 July 2013.
Net profit of Andhra Bank rose 1.45% to Rs 344.58 crore on 15% rise in operating income to Rs 3713.06 crore in Q4 March 2013 over Q4 March 2012.
The Government of India (GoI) holds 58% stake in Andhra Bank (as on 30 June 2013).
On BSE, 40,000 shares were traded in the counter as against an average daily volume of 1.72 lakh shares in the past one quarter.The stock hit a high of Rs 83 and a low of Rs 81.35 so far during the day. The stock had hit a 52-week high of Rs 130 on 8 January 2013. The stock had hit a 52-week low of Rs 78.15 on 25 June 2013.
The stock had underperformed the market over the past one month till 10 July 2013, sliding 1.09% compared with the Sensex's 0.76% fall. The scrip had also underperformed the market in past one quarter, falling 6.83% as against Sensex's 4.78% rise.
The mid-cap company has an equity capital of Rs 559.58 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 5.82% based on the closing price of Rs 85.95 on Wednesday, 10 July 2013.
Net profit of Andhra Bank rose 1.45% to Rs 344.58 crore on 15% rise in operating income to Rs 3713.06 crore in Q4 March 2013 over Q4 March 2012.
The Government of India (GoI) holds 58% stake in Andhra Bank (as on 30 June 2013).
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