Buy 2 Quality Stocks To Receive Dividend Later In January, February: Top Brokerages

ICICI Securities and Bonanza have recommended investors to buy 2 stocks that are offering dividends in January end and February end. These 2 stocks are Havells India Ltd and Computer Age Management Services Ltd. If you buy these 2 stocks now, you will get maximum return of 53% along with dividend income. Check key details below:

1. CAMS Sets Record Date To Pay Interim Dividend

The company said in the BSE filing, "Pursuant to Regulation 29 of the SEBI Listing Regulations we would like to inform you that a meeting of the Board of Directors (the "Board") of the Company is scheduled to be held on Tuesday, 07th February 2023 ("Meeting"), inter alia to consider and approve the Unaudited Financial Results (Standalone and Consolidated), for the quarter ended December 31, 2022." The company will also consider payment of Interim Dividend. The record date for ascertaining the shareholders entitled for the interim dividend, if any approved by the Board, will be 15th February, 2023."

2. CAMS Stock Performance & Return

The last trading price of the stock is Rs 2217 apiece. The stock's 52-week high is Rs 2985 and 52-week low is Rs 2039 apiece, respectively. The stock has declined 2% in last 1-month, 10% in last 3-months, and 20% in last 1-year.

3. CAMS Valuation

According to Bonanza, "We expect that a lot of downside has already priced in but uncertainty in the markets is still prevailing. We believe CAMS has a huge potential to grow so we maintain a BUY, 45x PE which is its all-time average on FY24E EPS of ₹ 75.6, for a target price of ₹ 3,400, a potential upside of 44%."

4. Havells India Decides Record Date To Pay Interim Dividend

The board of directors of the company said in the BSE filing, "Havells India Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/01/2023, inter alia, to consider and approve (1) the Standalone and Consolidated Un-Audited Financial Results of the Company for the third quarter and nine months ended 31st December, 2022. (2) payment of Interim Dividend to the shareholders of the Company. The company has fixed January 28, 2023 as the record date for interim dividend."

5. Havells India Stock Outlook, Return, Dividend History

The stock's last trading price is Rs 1192 with an intraday gain of over 2%. Its 52-week high is quoted at Rs 1418 and 52-week low is 1037 apiece, respectively.

The stock has given 110% return in last 5-years, 84% return in last 3-years, and declined 13% in last 1-year. It has fallen over 11% in last 3-months. The stock has a good dividend history and declared dividends regularly for the last 5-years.

It has announced an equity dividend of 750% or Rs 7.5 per share for the year ending March 2022.

6. Havells India Valuation

According to ICICI Securities, "We model Havells to report a PAT CAGR of 21.4% and RoE to be upward of 17%, over FY22-FY24E. We remain positive on the company's business model due to strong moats and growth opportunities. Maintain BUY with a DCFbased target price of Rs1,550 (implied P/E 55x FY24E)."

Disclaimer

The stocks have been picked from the brokerage report of ICICI Securities and Bonanza. Greynium Information Technologies, the Author, and the respective Brokerage Houses 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.