2 Mid Cap Multibagger Stocks Fix Record Date For Dividend, Should You Buy?

2 leading multibagger stocks have fixed record date to pay interim dividend in trade on Wednesday. These stocks are Persistent Systems Ltd and Vaibhav Global Ltd. It is worth noting that leading brokerage firm, HDFC Securities in its October 21 report has assigned buy call to Persistent Systems with a target price of Rs 5060 apiece offering a potential return of 29% if you buy Persistent Systems now. Check details below:

1. Persistent Systems Fixes Record Date To Pay Interim Dividend

The board of directors of the company said in the BSE filing today, "We wish to inform you that the Record Date for the payment of the Interim Dividend for the Financial Year 2022-23, subject to the approval by the Board of Directors at its meeting to be held on Wednesday, January 18, 2023, will be Friday, January 27, 2023. This is for information and record."

Persistent Systems Stock Performance & Return: The last trading price of the stock is Rs 3927 apiece with an intraday decline of 0.97%. Its 52-week high is Rs 4950 apiece and 52-week low is Rs 3091 apiece, respectively. It has a market capitalisation of Rs 30,014 crore. The stock has given maximum 470% return in last 3-years and 422% in last 5-years. In last 3-months, it has given 10% return. In last 1-year, the stock has fallen 12%.

HDFC Securities Assigns Buy Call To Persistent Systems: According to HDFC Securities, "Maintain BUY on PSYS (top pick in mid-tier IT) with a TP of INR 5,060, valuing the stock at 35x Jun-24E EPS. Valuation drivers (currently at 26x FY24E) include 23% EPS CAGR over FY22-25E, >45% RoIC, improving FCF ahead with organic focus (synergy drivers) and scope for higher pay-out."

 

2. Vaibhav Global Sets Record Date For Interim Dividend

The multibagger mid cap stock has fixed February 3, 2023 as the record date for interim dividend.

The regulatory filing of the company stated, "The Company has fixed Friday, 3 rd February, 2023 as the "Record Date" for the purpose of ascertaining the eligibility of the shareholders for payment of 3rd Interim dividend for the financial year 2022-23, if declared by the Board in its meeting scheduled to be held on Tuesday, 24th January, 2023."

Vaibhav Global Stock Performance & Return: The last trading price of the stock is Rs 298 apiece with an intraday dip of 0.55%. The stock's 52-week high is Rs 566 apiece and 52-week low is Rs 288 apiece, respectively. The company has a market capitalisation of Rs 4919 crore.

The mid cap company operating in Gems and Jewellery has given 72% return in last 3-years, 105% return in last 5-years, and declined 45% in last 1-year.

 

Disclaimer

The stock has been picked from the brokerage report of HDFC Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.