Dividend announcements push three scrips into the red
DSIJ Intelligence / 18 Aug 2017
In the wake of announcing their dividends, the scrips of L&T Finance Holdings, Jubilant FoodWorks and Kaveri Seed Company entered the red zone during the early morning trade on Friday.
In the wake of announcing their dividends, the scrips of L&T Finance Holdings, Jubilant FoodWorks and Kaveri Seed Company entered the red zone during the early morning trade on Friday.
L&T Finance Holdings declined over 1% and the stock was trading at Rs 174.10 per share, down by Rs 1.65 or 0.94% as of 1030 hours on Friday, on the BSE. The stock turned ex-dividend on Friday for a dividend of Rs 0.80 per share for the year ended March 31, 2017.
Jubilant FoodWorks was trading lower by 0.53% at Rs 1,391.55. The stock turned ex-dividend for a dividend of Rs 2.50 per share for the year ended March 31, 2017.
Kaveri Seed Company was down 0.75% at Rs 544.50. The stock turned ex-dividend for an interim dividend of Rs 3 per share for the year ending March 31, 2018. Meanwhile, the BSE Sensex was trading at 31,547.30, down by 248 points or 0.78% while Nifty was trading at 9,843, down by 60 points as of 1044 hours on Friday.
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