Friday 12 July 2013

JSW Energy drops ex-dividend

JSW Energy lost 3.7% to Rs 44.25 at 9:55 IST on BSE as the stock turned ex-dividend today, 12 July 2013, for dividend of Rs 2 per share for the year ended 31 March 2013.

On BSE, 66,000 shares were traded in the counter as against average daily volume of 4.05 lakh shares in the past one quarter.

The stock hit a high of Rs 44.65 and a low of Rs 44.10 so far during the day. The stock had hit a 52-week low of Rs 39.60 on 27 June 2013. The stock had hit a 52-week high of Rs 75 on 22 January 2013.

The stock had underperformed the market over the past one month till 11 July 2013, sliding 6.89% compared with the Sensex's 2.78% rise. The scrip had also underperformed the market in past one quarter, declining 17.43% as against Sensex's 6.12% gain.

The company has equity capital of Rs 1640.05 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 4.35% based on the closing price of Rs 45.95 on Thursday, 11 July 2013.

JSW Energy's consolidated net profit surged 49% to Rs 335.69 crore on 10.9% growth in net sales to Rs 2258.54 crore in Q4 March 2013 over Q4 March 2012.

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