2 Nifty Stocks That Motilal Oswal Has A Buy Call On

Personal Finance

[ad_1]

Read More/Less


Strong order book for L&T

According to Motilal Oswal L&T’s order book grew 11% YoY to Rs 3.3 trillion, with the order book/revenue ratio at 3.2 times.

The international business formed 23% of order book. In terms of clientele, the central/state government formed 10%/33%, PSUs 42%, and the private sector 15% of the company’s total order book.

“L&T has indicated that the bid pipeline remains strong, with the overall pipeline for the remainder of the year standing at Rs 6.8 trillion (+12% YoY). The Infrastructure sector’s prospects stood at Rs 5.3 trillion, while the Hydrocarbon segment’s prospects improved to Rs 1.2 trillion (80% of the prospective business is from the Middle East). The strong bid pipeline is encouraging, although a faster conversion to final awarding holds the key to the company meeting the guidance of a low-to-mid-teen growth in order inflow,” the brokerage has said.

Buy L&T for a price target of Rs 2,285

Buy L&T for a price target of Rs 2,285

According to Motilal Oswal After adjusting for the subsidiaries’ valuation (Rs 1,070 per shares), the core E&C business trades at an FY22/FY23E PE multiple of 15.0x/12.9x v/s the historical one-year forward average PE multiple of 22 times.

“Should the stock revert to its historical average trading multiple of 22 times, our target price for the stock will increase to Rs 2,285. Larsen and Toubro remains the best play on the capital expenditure cycle in India. Maintain Buy,” Motilal Oswal has said.

The shares of L&T last closed at Rs 1767 on the NSE.

Buy Maruti Suzuki

Buy Maruti Suzuki

Motilal Oswal has set a price target of Rs 8,450 on the stock of Maruti as against the current market price of Rs 7,456. “Demand outlook remains good, with an improvement in both inquiries and bookings. Rural India is doing better and now constitutes over 43% of volume. It has an order backlog of 200k units due to a shortage of semiconductors,” the brokerage has said.

According to Motilal Oswal, precious metal prices have seen some softening, but will benefit in coming quarters due to the lag effect.

Valuation and view on Maruti Suzuki

Valuation and view on Maruti Suzuki

Strong demand, softening commodity inflation, and improving chip shortage supports a margin recovery.

“We expect a recovery in 2HFY22 in both market share and margin, led by a favorable product lifecycle, operating leverage, and mix as well as price action/cost-cutting,” the brokerage has said.

“The stock trades at 59.1x/25.7x FY22E/FY23E consolidated EPS. We maintain our Buy rating with a target price of Rs 8,450 per share (27x Sep’23E consolidated EPS),” the brokerage has added.

Disclaimer

Disclaimer

The above stocks are picked from the brokerage report of Motilal Oswal. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



[ad_2]

CLICK HERE TO APPLY

Leave a comment

1 Electricals, 1 Sugar Stock To Buy For Substantial Gains In 1 Year As Suggested By ICICI Direct

Personal Finance

[ad_1]

Read More/Less


1. Dixon Technologies:

About the stock: Dixon Technologies is India’s leading electronic manufacturing

(EMS) provider and one of the largest beneficiaries of the government’s PLI scheme.

• Dixon operates in both original equipment manufacturing (OEM) and original design manufacturing (ODM)

• Revenue growth witnessed in the Q2 quarter of FY22, though the delay in price hike weighed on gross margins. Revenue increased but EBITDA and gross margin registered a decline. Profitability also rose YoY by 20 percent to Rs. 63 crore.

• Strong RoE, RoCE at around 20%, 24%, respectively (three year’s average).

Investors given the huge momentum in stock which has gained 9 times over the past 4 years are suggested to buy in the stock, valuing it at Rs. 5990 i.e. 51x P/E on FY24E EPS. This means an upside of 20 percent from current price level of Rs. 4993.55.

Key triggers for future price performance:

• Indian EMS industry is valued at $23.5 billion. Dixon currently has a market share of 3-4%, which leaves opportunity to expand and grow

• Domestic mobile production is set to grow 5x to Rs. 10.5 lakh crore by FY26 under PLI scheme. Dixon is one of the main beneficiaries

• New segments such as electronics/IT products, telecom products and LED lights & AC component will drive future revenue for Dixon.

Alternate Stock Idea: Other than Dixon, ICICI Direct also like Havells in our coverage

• Trigger for Havells’ future revenue growth would be a revival in Lloyds revenues and improvement in margin

• BUY with a target price of Rs. 1545.

2. Dalmia Bharat Sugar:

2. Dalmia Bharat Sugar:

For this sugar manufacturer, ICICI Direct has set a target price of Rs. 610, implying return potential of 54.7 percent from current price of Rs. 394.3.

The company is being deemed to deliver consistent performance and is close to reach net debt free status.

Key takeaways about the company

• The company is expanding its sugarcane & molasses and grain based annual distillery capacity from current 8.5 crore litre to 21 crore litre, which would be completed in a phased manner by December 2022

Q2FY22 Results: Owing to higher exports the company delivered steady set of numbers. Sales came in flat on a year basis, EBITDA too saw a marginal decline and PAT rose over 6 percent YoY helped by lower reduced interest expense

Brokerage’s expectation on the stock going ahead

“We expect 2.5x increase in distillery volumes to boost earnings with CAGR of 16.1% during FY21-24E. We maintain our BUY rating on the stock

Target Price and Valuation: We value the stock at | 610, ascribing a multiple of 14x FY23 earnings”, adds the report.

Key triggers for future price performance:

• DBS is fastest in utilising B-heavy, sugarcane juice & grain route to produce ethanol. Distillery volumes to grow 2.5x to 21 crore litre by FY24

• The company been aggressive in exporting sugar & utilising higher global white sugar prices. Freight cost is much lower given its proximity to ports

• With the increasing profitability & reduction in sugar inventories, DBS would be generating cumulative free cash flow of Rs. 626 crore in the next three

years despite around Rs.700 crore capex

Alternate Stock Idea: The company is also bullish on Balrampur Chini. The company is second largest and one of the most efficient sugar companies in India. Along with sugarcane juice, B-heavy, the company is

also utilising grain based ethanol to leverage the ethanol opportunity in India. We value the stock at Rs. 515/share with a BUY recommendation”, adds the report.

Disclaimer:

Disclaimer:

The two scrips mentioned here are taken from the report ICICI Direct and readers should not construe them as recommendation to buy into these stocks. Stock market investment is risky. Please do your own study and analysis.

GoodReturns.in



[ad_2]

CLICK HERE TO APPLY

Leave a comment

4 Big IPOs Lined Up For November 2021

Personal Finance

[ad_1]

Read More/Less


Planning

oi-Roshni Agarwal

|

IPOs are attracting all classes of investors alike, while the chase for the fashion e-tailer was defined to be fashionable, Policybazaar IPO is said to have garnered huge anchor investor interest alike. Amid fantabulous frenzy for IPOs, here are the IPOs lined up for November 2021:

4 Big IPOs Lined Up For November 2021

4 Big IPOs Lined Up For November 2021

1. Paytm:

The company backed by China’s Alibaba will open up a huge Rs. 18300 crore IPO on November. Considering the upper end of the price band of Rs. 2150, the company will rank among the country’s top 50 companies’ by market capitalisation, surpassing the valuations of established companies’ such as NTPC among others. The company’s losses reduced for the June period owing to cost control on marketing as well as payment processing charges.

2. Policybazaar:

The fintech company with 2 platforms mainly Policybazaar and another Paisabazaar is slated to come up with an IPO on November 1. The Rs. 5709 crore IPO will include a
fresh issue of Rs. 3,759 crore and an offer for sale of Rs. 1,959 crore by its existing shareholders. The prime revenue source for the company is as commission which is obtained on selling policies from insurers.

3. SJS Enterprises:

Decorative aesthetics supplier SJS Enterprises is also set to launch its IPO on November 1 to raise a total of Rs. 800 crore via a complete OFS. The 2 stakeholders diluting stake are Evergraph and KA Joseph who will be offloading shares worth Rs. 710 and Rs. 90 crore, respectively.

The industries catered to by the company range from commercial vehicles, medical devices, farm equipment and sanitary ware industries. The company’s manufacturing facilities are located in Bengaluru and Pune.

4. Sapphire Foods:

Sapphire Foods will launch its IPO on November 9, 2021 and this will also be entirely an OFS for 1,75,69,941 equity shares being offloaded by investors and promoters.

Promoters – QSR Management Trust will sell 8.5 lakh equity shares, and Sapphire Foods Mauritius will offload 55.69 lakh equity shares through offer for sale. Further, WWD Ruby will sell 48.46 lakh equity shares, Amethyst 39.61 lakh shares, and AAJV Investment Trust will offload 80,169 equity shares.Other investors, Edelweiss Crossover Opportunities Fund and Edelweiss Crossover Opportunities Fund – Series II will sell 16.15 lakh equity shares and 6.46 lakh equity shares, respectively, via OFS.
The company is among one of the YUM’s franchisee operator. The company’s ownership is into food outlets including KFC, Pizza Hut and Taco Bell. The major stake in the firm of 45.52 percent is held by Sapphire Foods Mauritius while 5.83 percent is owned by QSR Management Trust.



[ad_2]

CLICK HERE TO APPLY

Leave a comment

To ease lending, FinMin moves to boost bankers’ morale, growth

Banking & Finance

[ad_1]

Read More/Less


In a move aimed at lifting the morale of public sector banks, the Finance Ministry has issued broad guidelines on staff accountability for NPA accounts up to ₹50 crore.

Banks have been advised to revise their staff accountability policies based on the new guidelines and get their respective boards to approve the new procedures.

The move, which comes at a time when there is a need to push credit growth in the banking system, is expected to tackle the fear among bankers to take lending decisions, given that the bank NPAs are a politically volatile issue.

 

Track record of officials

Under the new guidelines, PSBs have been tasked to complete the staff accountability exercise within six months from the date of classification of the account as NPA.

Further, depending on the business size of the banks, threshold limits have been advised for scrutiny of the accountability by the Chief Vigilance Officer (CVO). Past track record of the officials in appraisal/sanction/monitoring will also be given due weightage.

Previously, the staff accountability exercise was carried out in respect of all accounts that turn into NPAs. Now banks have been allowed to, with the approval of their board, decide on a threshold of ₹10 lakh or ₹20 lakh depending on their business size for the need to examine the staff accountability aspect.

The latest move could help restart credit growth and encourage bankers to start taking decisions now that there is an assurance that all bonafide business decisions will be protected, said a banking industry official. Credit growth in the banking system has averaged 6-8 per cent in the last few years and has been affected even more due to the pandemic in the last 18 months.

Policy makers need to introspect as to why credit growth is lower than the nominal GDP growth of 8-9 per cent clocked in recent years (before impact of pandemic), say economy watchers.

Restructuring window

Credit growth in the economy and banking system almost came to a grinding halt after the RBI removed the window of restructuring (which allegedly enabled evergreening of loans and hid the true picture of the asset quality) and the quantum of NPAs in the system ballooned to ₹8-9-lakh crore.

Allegations of “phone banking” too brought down the morale and confidence of bankers.

A chunk of the NPAs figured in the accounts up to ₹50 crore and it is here that bankers have, in the last few years, stopped taking decisions, lest they be questioned in the future, sources in the banking industry said. Also, different PSBs are following different procedures for conducting staff accountability exercises.

[ad_2]

CLICK HERE TO APPLY

Leave a comment ,

IBA welcomes proposed staff accountability norms

Banking & Finance

[ad_1]

Read More/Less


Our Bureau The Finance ministry’s decision to ask Public Sector Banks (PSBs) to complete staff accountability exercise within six months from the date of classification of an account as a non-performing asset (NPA), will boost the morale of employees, according to the Indian Banks’ Association (IBA).

PSBs have been asked to implement the directives with effect from April 1, 2022 for accounts turning NPA on or after this date. Banks have been advised to revise their Staff Accountability Policies based on these broad guidelines and frame the procedures with approval of the respective boards. At present, different Banks are following different procedures for conducting staff accountability exercise. Also, staff accountability exercise is being carried out in respect of all accounts which turn NPA.

‘Strain on resources’

“This approach not only adversely affects staff morale but also puts a huge strain on the bank’s resources. While punitive action need to be taken against the officers having malafide intent/involvement, it is essential to ensure that bonafide mistakes are dealt with compassion,” per the IBA statement. The Association noted that at a time when the country is in need of an economic boost, slow credit delivery to industries due to the fear of implication, is a matter of concern and needs urgent address.

It emphasised that there is a need to protect people taking bonafide business decisions in this competitive environment.

‘Protect bonafide action’

Banks with the approval of their Board may decide on threshold of ₹10 lakh or ₹20 lakh depending on their business size for the need of examining the aspect of staff accountability, IBA said.

[ad_2]

CLICK HERE TO APPLY

Leave a comment , , , , , ,

Ujjivan Financial Service okays amalgamation with Ujjivan SFB

Banking & Finance

[ad_1]

Read More/Less


The board of Ujjivan Financial Services has approved the amalgamation of the company with its subsidiary, Ujjivan Small Finance Bank, to meet the minimum public shareholding norms of SEBI.

Ujjivan Finance Services currently holds 83.32 per cent of the total paid-up equity share capital of Ujjivan SFB.

“Accordingly, the scheme, if implemented, will result in increase in shareholding of public shareholders of the Transferee Company from 16.68 per cent to 100 per cent, subject to receipt of requisite approvals,” said Ujjivan Financial Services in a stock exchange filing.

SEBI, RBI approval

The scheme of amalgamation is subject to approval from the Reserve Bank of India, SEBI, NCLT and public shareholders of the company.

Under RBI norms, the promoter’s minimum initial contribution to the paid-up equity capital of SFB should be at least 40 per cent, which shall be locked in for a period of five years from the date of commencement of operations of SFB. Further, if the promoters’ initial shareholding in SFB is in excess of 40 per cent, then it has to be brought down to 40 per cent within five years from the date of commencement of operations of SFB.

In the case of Ujjivan SFB, the five-year period expires on January 31, 2022, and the proposed amalgamation among other business objectives and benefits will enable it to ensure the compliance, added Ujjivan Financial Services.

“The amalgamation is in line with the conditions prescribed in the SFB guidelines and will result in the formation of a larger and stronger entity having greater capacity for conducting its operations more efficiently and competitively; the amalgamation will avoid operational inefficiency in the group by operating one listed entity and create synergies,” said Ujjivan.

[ad_2]

CLICK HERE TO APPLY

Leave a comment

Benchmark yield can breach the 6.4% mark

Banking & Finance

[ad_1]

Read More/Less


The bond market continues to wait for the much needed support from the central bank even as yields nudged the 6.4 percent-mark again this week. The benchmark yield closed the week at 6.39 per cent, up four basis points from the previous week.

One of the two contributing factors to the rising yields — the US treasury yields — did soften this week. The 10-year US treasury yield came down all the way to 1.55 per cent last week from 1.64 per cent the week before. However, crude prices, that have been keeping pressure on the domestic bond yields, continued to remain at the higher levels last week. Brent price crossed $86/barrel before closing the week near the $84/barrel mark.

Higher cut-off

Moreover, the cut-off rate on the variable rate reverse repo auctions continues to remain high. The central bank conducted a seven-day VRRR auction wherein the cut-off came in at 3.99 per cent. Earlier this month, the cut-off on a seven-day VRRR auction had come in at 3.61 per cent. The RBI has also announced a 28-day VRRR auction next week, indicating a higher tenor. Market participants say although the central bank’s stance on liquidity was made clear during the monetary policy and a hike in quantum was expected, an increased tenor does not help under the current market conditions where nothing is helping the yields.

Vijay Sharma, Senior Executive Vice-President at PNB Gilts opines that the RBI’s support to bond market is missing currently. “Recently, there was an announcement for VRRR auction that had a higher tenor of 28 days. All this seems to indicate that the central bank is still not uncomfortable with the current level of yields. The market has lost its momentum and till the point in time that you see a helping hand from the RBI, you may continue to see the yields at these levels. The market did attempt a recovery but lost its mojo quickly. With each and every day that the central bank is delaying its comeback, the chances of 6.4 per cent level on the benchmark yield getting breached are increasing. The only thing that was finding some sort of favour from the market was the floating rate bonds. With the central bank conducting a massive switch auction, even the demand for FRBs have taken a hit,” he said.

Next week, bond markets across the world will be keenly eyeing the US Fed meet where it is expected to announce unwinding of its bond-buying programme.

[ad_2]

CLICK HERE TO APPLY

Leave a comment , , ,

Gold Prices Expected To Surge To Rs 52000-53000 Over Next 12-months

Personal Finance

[ad_1]

Read More/Less


Inflation and interest rates the key

Gold being a non-yielding asset have always reacted first incase of any change in interest rate and hence even now with so much panic in market regarding tapering and policy tightening metal prices have held its ground on the back of low rates.

Inflation has been on the rise and exceeded comfort zones of most central banks which is also supporting the overall safe haven appeal of Gold interestingly (as a Commodity and also as an inflation hedge). This along with a host of other tailwinds like growing uncertainties regarding China’s Evergrande, Power shortage issue, trade talks between the U.S. – China, rising cases of Covid-19 and Delta variant, growing debt and few others could keep the optimism of the gold bulls high. In the next Fed meets there are growing expectations of tapering of the massive bond purchase program which the Fed had initiated in order to safeguard the US economy from a hard landing during the Covid led economic crisis. Although the market is well prepared for the same, but some knee jerk reactions could likely to give the gold bulls another buying opportunity.

Big surge in 2019 and 2020

Big surge in 2019 and 2020

Gold prices have seen a good surge if we look 2019 and 2020, which were ~52% and ~25% respectively. However we witnessed some underperformance in 2021 where prices have been trading between Rs.47,000 and 49,000 mark. The demand for gold in India has bounced sharply from the lows seen during pandemic in 2020.

Recent World Gold Council data suggest that the for quarter ended Sep’21 demand for gold jumped to 47% YoY to 139.1 tonnes as compared to 94.6 tonnes in the year ago. The jewelery demand also has seen a jump of 58% YoY in India during July -Sep 2021 period to 96.2 tonnes due to strong pent up demand, occasion related gifts, economic rebound and lower prices. ETF’s have not been the best supporter for gold since the start of this year, although Central bank gold buying spree and CFTC positions maintaining their position in net longs, have increased the overall sentiment for the gold prices.

Unlike Diwali 2020, this year there are much less restrictions, shops are open, with the overall demand has also increased in this year which can be seen from the import numbers which stand at 740 tonnes till September. Risky assets have seen massive upside and have delivered handsome returns in the last few months, and any change in trend or weakening if the momentum could lead to a massive surge in safe havens – particularly gold.

Outlook

Outlook

We have been bullish and continue to maintain a positive bias for gold price over the next 12 months, and expect that the consolidation is stretched could see some directional move soon. The current scenario could have some short term hiccups which might give investors a better buying opportunity. We believe that gold has a potential to surge towards $2000 once again and might even make a new life time high on the Comex. On the domestic front we expect prices to surge towards highs of Rs.52000-53000 over the next 12 months.

Courtesy: Motilal Oswal Financial Services



[ad_2]

CLICK HERE TO APPLY

Leave a comment

1 Cement, 2 Auto Ancillaries Stocks To Buy As Suggested By ICICI Securities

Personal Finance

[ad_1]

Read More/Less


SKF India- Solid revenue growth compensates for low gross margin

The brokerage firm recommends a buy with a target price of Rs. 3960. The stock was last trading at Rs. 3340, representing a gain of 19 percent.

Q2FY22 Result

SKF announced strong Q2FY22 performance.

Revenue for the quarter was | 966.4 crore (I-direct estimate: Rs 787.2 crore), up 37.4 percent year over year and 39.3 percent quarter over quarter.

In Q2FY22, EBITDA was Rs 159.8 crore, up 40.7 percent from the previous quarter.

Consequent PAT was Rs 117.6 crore in Q2FY22, with a tax rate of 24.7 percent.

Target and Valuation

“SKF has been making strides towards innovation and R&D and has made significant inroads in REP. Going ahead, a recovery in auto, upcoming e-market & commencement of DFC should augur well for the company. Build in revenue, EBIDTA, PAT CAGR of 21.4%, 20.8%, 21% respectively Target Price and Valuation: We value SKF at Rs 3957 i.e. 40x P/E on FY23E EPS,” the brokerage has said.

Key triggers for future price performance

  • The auto industry’s recovery should help the manufacturing sector.
  • The upcoming DFC in mid-CY22, which will push out Class K bearings, as well as metro developments in 25-26 new cities, would give the industrial industry a boost.
  • Gross and EBITDA margins will improve as the industrial segment bearings become more indigenized.

Wabco India

Wabco India

The brokerage firm recommends a buy with a target price of Rs. 8800. The stock was last trading at Rs. 7475, representing a gain of 18 percent.

Q2FY22 Results

The firm had a strong second quarter of fiscal year 22.

For the quarter, the total operating income was $ 616.5 crore, up 47.2 percent year on year.

EBITDA margins were 10.2 percent, up 160 basis points from the previous quarter.

PAT for the period was Rs 32.3 crore compared to Rs 35 crore in Q2FY21.

Target and Valuation

“WIL share price has grown at ~6% CAGR from ~Rs 5,600 in October 2016, thereby outperforming Nifty Auto index in that time. We retain BUY; CV recovery play focused on exports, content increase. Target Price, and Valuation: We value the company at a revised target price of Rs 8,800 i.e. 50x P/E on FY23E EPS (earlier target price Rs 8,020),” the brokerage has said.

Key triggers for future price-performance:

  • New product development, including connected, driverless, and electric vehicles, is one of the company’s top priorities.
  • Mix and operating leverage pushed margins up to 15.5 percent and 18.2 percent, respectively (FY23E).

Sagar Cement

Sagar Cement

The brokerage firm recommends a buy with a target price of Rs.350. The stock was last trading at Rs. 265, representing a gain of 32 percent.

Q2FY22 Results

  • In Q2FY22, higher gasoline prices resulted in a significant decrease in margins.
  • During Q2FY22, the margin shrank by 1568 basis points year over year and 1081 basis points quarter over quarter to 16.5 percent, owing mostly to a substantial increase in gasoline prices.
  • Non-trade demand was strong, resulting in a 13.2 percent increase in revenue year over year to Rs 368.9 crore. The rainy season had a negative impact on retail demand.
  • PAT fell 58.6% year on year to Rs 20.8 crore (vs. I-forecast direct’s of Rs 35.3 crore).

“With capacity expansions into high growth regions like East & Central, we expect strong growth momentum going forward. Given the healthy outlook, cost efficiency, healthy b/s and relatively inexpensive valuations, we maintain BUY rating Target Price and Valuation: We value Sagar at Rs 350 i.e.8.5x FY23E EV/EBITDA,” the brokerage has said.

Disclaimer

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. This article is for educational purpose.



[ad_2]

CLICK HERE TO APPLY

Leave a comment

3 Special Dividends Stocks To Watch Out In November 2021

Personal Finance

[ad_1]

Read More/Less


Why companies issue special dividends?

A special dividend may be paid by a company for a variety of reasons.

A special dividend may be paid if the company’s financial performance is especially strong. When a firm earns a lot of money, it may decide to pay a special dividend rather than reinvesting it in the business or using it for anything else.

Asset sales have been linked to special payouts in the past. When a corporation realises a substantial profit on the sale of a subsidiary or other asset, it may choose to distribute some or all of the earnings to shareholders rather than reinvesting them in the business.

When a company makes significant changes to its capital structure, it may declare a special dividend. Paying a single sum of money to shareholders can quickly boost a company’s debt ratio, which may be advantageous when transitioning to a new business model.

Tech Mahindra

Tech Mahindra

Tech Mahindra’s export revenues account for more than 93 percent of its total revenue. It earns 47.5 percent of its income in the United States, 26.5% in Europe, and 26.5 percent in the rest of the globe. It’ll be interesting to see how US corporations spend their money on technology.

On October 25, 2021, the company declared a dividend of Rs 15.0 per share, with a record date of November 5, 2021. The stock returned 115.71 percent over three years, compared to 72.47 percent for the Nifty 100 index.

Tech Mahindra special dividend

Tech Mahindra special dividend

Over a three-year period, the stock returned 115.71 percent, while the Nifty IT delivered investors a 147.04 percent gain.

Since March 21, 2007, Tech Mahindra Ltd. has declared 21 dividends.

Tech Mahindra Ltd. has declared an equity dividend of Rs 30.00 per share in the last 12 months. This translates to a dividend yield of 2.03 percent at the current share price of Rs 1477.85.

Procter & Gamble Health

Procter & Gamble Health

Only 1.06 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The company has enough cash on hand to cover its contingent liabilities. The company’s QoQ revenue increase was 29.42 percent, the best in the prior three years. The stock returned 86.58 percent over three years, compared to 82.17 percent for the Nifty Midcap 100. Over a three-year period, the stock achieved an 86.58 percent return, compared to 43.69 percent for Nifty Pharma.

Procter & Gamble Special Dividend

Procter & Gamble Special Dividend

Procter & Gamble Health Ltd., founded in 1967, is a Mid Cap business in the Pharmaceuticals sector with a market cap of Rs 9,003.09 crore.

Since May 29, 2001, Procter & Gamble Health Ltd. has declared 26 dividends.

Procter & Gamble Health Ltd. has declared an equity dividend of Rs 230.00 per share in the last 12 months.

This equates to a dividend yield of 4.24 percent at the current share price of Rs 5423.75.

Triveni Turbine

Triveni Turbine

Triveni Turbine Ltd., founded in 1995, is a Mid Cap business in the Engineering industry with a market capitalization of Rs 6,201.00 crore. Over a three-year period, the stock returned 88.04 percent, compared to 57.97 percent for the S&P BSE Capital Goods index. The stock returned 88.04 percent over three years, compared to 82.17 percent for the Nifty Midcap 100. On October 26, 2021, the company declared a dividend of Rs 0.4 per share, with a record date of November 9, 2021.

Since November 8, 2011, Triveni Turbine Ltd. has declared 19 dividends. Triveni Turbine Ltd. has declared an equity dividend of Rs 1.20 per share in the last 12 months. This translates to a dividend yield of 0.63 percent at the current share price of Rs 191.80.

3 Special Dividends Stocks To Watch Out In November 2021

3 Special Dividends Stocks To Watch Out In November 2021

Company Dividend Date Record date Dividend%
Triveni Turbine 08-Nov-2021 09-Nov-2021 60
Procter & Gamble Health 02-Nov-2021 05-Nov-2021 900
Tech Mahindra 02-Nov-2021 05-Nov-2021 300

Disclaimer

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



[ad_2]

CLICK HERE TO APPLY

Leave a comment
1 … 141 142 143 144 145 … 16,279