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Tata Steel, Century Textile fall on ex-dividend day
July 16, 2012 / 5:53 AM / 5 years ago

Tata Steel, Century Textile fall on ex-dividend day

Reuters Market Eye - Tata Steel (TISC.NS) falls 2.5 percent, while Century Textile (CNTY.NS) loses 2.2 percent after both stocks go ex-dividend on Monday.

Labourers load steel rods onto a truck at a steel factory on the outskirts of Jammu July 12, 2012. REUTERS/Mukesh Gupta

The world’s seventh biggest steel maker had declared a dividend of 12 rupees a share, while the maker of denim, paper, cement and yarn had announced a dividend of 6 rupees per share for the fiscal year ended in March.

Tata Steel said on Friday crude steel production rose 1.67 percent to 1.82 million tonnes from a year earlier, but sales were flat at 1.59 million tonnes.

manoj.dharra@thomsonreuters.com

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