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Loyal Textile Mills slides ex-dividend
(13:08, 03 Sep 2010)

Meanwhile, the BSE Sensex was down 7.46 points, or 0.04% at 18,230.85.

On BSE, 477 shares were traded in the counter as against an average daily volume of 1,057 shares in the past one quarter. The scrip is not listed on NSE.

The stock hit a high of Rs 247.90 and a low of Rs 230 so far during the day. The stock had hit a 52-week high of Rs 268.90 on 24 August 2010 and a 52-week low of Rs 103.05 on 5 November 2009.

The small-cap stock had outperformed the market over the past one month till 2 September 2010, surging 6.27% as compared to the Sensex's return of 0.87%. It had also outperformed the market in the past one quarter, gaining 38.14% as compared to the Sensex's return of 8.94%.

The company has an equity capital of Rs 4.70 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.23% based on closing price of Rs 243.05 on Thursday, 2 September 2010.

Loyal Textile Mills reported net profit of Rs 3.24 crore for Q1 June 2010 compared with a net loss of Rs 4.08 crore in Q1 June 2009. Net sales surged 84.5% to Rs 172.72 crore in Q1 June 2010 over Q1 June 2009.

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