5 Stocks That Can Offer High Return, Dividend Income Up To Rs 200/Share, Buy: Motilal Oswal

Motilal Oswal has recommended investors to buy, hold 5 stocks that can offer return up to 30% soon. These stocks are Bharat Forge, Bosch Ltd, Grasim Industries, Castrol India, and Eicher Motors. Some of these stocks announced massive dividends up to Rs 200 per share. Check details below:

1. Hold Bosch

Bosch Ltd fixed February 22, 2023 as the record date for Rs 200 per share interim dividend for the financial year 2023.

Meanwhile, Motilal Oswal has maintained neutral rating for Bosch with a target price of Rs 18,125 apiece. Current trading price of the stock is Rs 17,374.60 apiece. 52-week high of Bosch is Rs 18,300 apiece and 52-week low is Rs 12,940 apiece, respectively. The company has a market capitalisation of Rs 51,244.02 crore.

The large auto ancillaries sector stock gave a return of 20% in last 3-years.

According to Motilal Oswal, "While these negatives are priced in, there are no material catalysts visible for a re-rating of the stock. Hence, we maintain our Neutral rating with a TP of INR18,125 (premised on ~25x Mar'25E EPS)."

2. Buy Bharat Forge

Current market price of Bharat Forge Ltd is Rs 819.50 apiece with an intraday fall of 6.22%. Motilal Oswal has recommended investors to buy Bharat Forge with a target price of Rs 1065 apiece.

If you buy Bharat Forge now, you can get a potential return of up to 30% soon. The stock's 52-week high is Rs 919.50 apiece and 52-week low is Rs 595.85 apiece. The large cap company has a market capitalisation of Rs 38,247.89 crore.

The stock gave 69% return in last 3-years and 14% in last 1-year.

3. Buy Grasim Industries Ltd

Current market price of the stock is Rs 1611.60 apiece. Motilal Oswal has assigned buy call with a target price of Rs 1900 apiece. If you buy Grasim Industries shares now, you can get potential return of 18% in near term.

The company has a market capitalisation of Rs 1,06,108.02 crore. The large cap Diversified sector stock gave a 3-years return of 116%. In last 1-year, it fell nearly 5%.

4. Buy Castrol India Ltd

Current market price of Castrol India is Rs 119.95 apiece with an intraday gain of 0.80%.

Motilal Oswal has suggested investors to buy Castrol India Ltd with a target price of Rs 145 apiece to get a potential return of 22%.

Castrol India recommended final dividend of INR 3.50/- per equity share of the face value of INR 5/- each for the financial year ended 31 December 2022 subject to approval by the Shareholders at the 45th Annual General Meeting. The company fixed May 4, 2023 as record date.

The zero-debt burden mid cap petrochemicals sector stock gave 2% return in last 1-year and declined 24% in last 3-years.

5. Buy Eicher Motors

Current market price of Eicher Motors is Rs 3275.70 apiece with an intraday gain of 3.18%. Motilal Oswal has recommended investors to buy Eicher Motors with a target price of Rs 3625 apiece to receive a potential return of 11%.

The stock's 52-week high is Rs 3886.00 apiece and 52-week low is Rs 2110.00 apiece, respectively.

The large cap auto sector stock rallied 20% in last 1-year, and 74% in last 3-years. It fell 7% in last 3-months.

Disclaimer

The stocks have been picked from the brokerage report of Motilal Oswal. 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.