Cairn India fell 1.46% to Rs 290.90 at 9:33 IST on BSE after the stock turned ex-dividend today, 10 July 2013, for final dividend of Rs 6.50 per share for the year ended 31 March 2013.
Meanwhile, the S&P BSE Sensex was up 20.96 points, or 0.11%, to 19,460.44.
On BSE, 18,000 shares were traded in the counter as against an average daily volume of 1.73 lakh shares in the past one quarter.
The stock hit a high of Rs 291.90 and a low of Rs 287.30 so far during the day. The stock had hit a 52-week high of Rs 365.90 on 17 September 2012. The stock had hit a 52-week low of Rs 267.90 on 28 March 2013.
The stock had outperformed the market over the past one month till 9 July 2013, rising 2.54% compared with the Sensex's 0.05% rise. The scrip had, however, underperformed the market in past one quarter, rising 1.57% as against Sensex's 6.66% rise.
The large-cap company has an equity capital of Rs 1910.30 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 2.20% based on the closing price of Rs 295.20 on Tuesday, 9 July 2013.
Cairn India's consolidated net profit rose 17.3% to Rs 2563.60 crore on 19.5% growth in net sales to Rs 4363.36 crore in Q4 March 2013 over Q4 March 2012.
Cairn India is primarily engaged in the business of oil and gas exploration, production and transportation. The company sells its oil to major refineries in India and its gas to both public sector units and private buyers.
Meanwhile, the S&P BSE Sensex was up 20.96 points, or 0.11%, to 19,460.44.
On BSE, 18,000 shares were traded in the counter as against an average daily volume of 1.73 lakh shares in the past one quarter.
The stock hit a high of Rs 291.90 and a low of Rs 287.30 so far during the day. The stock had hit a 52-week high of Rs 365.90 on 17 September 2012. The stock had hit a 52-week low of Rs 267.90 on 28 March 2013.
The stock had outperformed the market over the past one month till 9 July 2013, rising 2.54% compared with the Sensex's 0.05% rise. The scrip had, however, underperformed the market in past one quarter, rising 1.57% as against Sensex's 6.66% rise.
The large-cap company has an equity capital of Rs 1910.30 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 2.20% based on the closing price of Rs 295.20 on Tuesday, 9 July 2013.
Cairn India's consolidated net profit rose 17.3% to Rs 2563.60 crore on 19.5% growth in net sales to Rs 4363.36 crore in Q4 March 2013 over Q4 March 2012.
Cairn India is primarily engaged in the business of oil and gas exploration, production and transportation. The company sells its oil to major refineries in India and its gas to both public sector units and private buyers.
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