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Monday, July 4, 2011

Tata Steel drops ex-dividend.......Cheers


Tata Steel declined 1.25% to Rs. 594.50 at 9:22 IST on BSE, after the stock turned ex-dividend today, 4 July 2011, for dividend of Rs. 12 per share for the year ended March 2011.

Meanwhile, the BSE Sensex was up 142.81 points, or 0.76%, to 18,905.61.

On BSE, 27,861 shares were traded in the counter as against an average daily volume of 7.03 lakh shares in the past one quarter.

The stock hit a high of Rs. 597.95 and a low of Rs. 593.70 so far during the day.

The company has an equity capital of Rs. 959.21 crore. Face value per share is Rs. 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.99% based on the closing price of Rs. 602 on Friday, 1 July 2011.

Tata Steel's consolidated net profit surged 71.5% to Rs. 4175.60 crore on 22.8% rise in net sales to Rs. 33442.66 crore in Q4 March 2011 over Q4 March 2010.

Source:- IIFL
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Thanks & Regards 
Rohit. Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

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