Escorts Kubota vs Titan Company: Which Rekha Jhunjhunwala Backed Stock To Buy For Upcoming Dividend Payout?

Escorts Kubota and Titan Company are the two large-cap stocks that are owned by Rekha Jhunjhunwala wife of late ace investor Rakesh Jhunjhunwala in her portfolio. Rekha Jhunjhunwala held 17,70,388 shares in Escorts Kubota for the quarter that ended on March 31, 2024, or a 1.60% stake in the firm; whereas in Titan Company Rekha Jhunjhunwala held a 5.35% stake. Since two of the stocks in Rekha Jhunjhunwala's portfolio are scheduled to go ex-dividend this week, let's examine which stock new investors should be looking at for the next dividend payment.

Escorts Kubota Upcoming Dividend

"The Board recommended the Final Dividend @ 180% per share i.e. Rs 18/- per equity share payable on all outstanding shares, subject to the approval of shareholders at the ensuing AGM. The dividend proposed shall be paid within 30 days from the date of declaration. The dividend after deduction of tax at source, if declared at the AGM, would be paid/ dispatched to those persons or their mandates: a) whose names appear as beneficial owners as at the end of the business hours on July 05, 2024 in the list of beneficial owners to be furnished by National Securities Depository Limited ("NSDL") and Central Depository Services (India) Limited ("CDSL") in respect of the shares held in electronic mode; and b) whose names appear as members in the Register of Members of the Company/ RTA after giving effect to valid share transmission/ transposition in physical form lodged with the Company on or before July 05, 2024," said the company in its annual report.

"The Register of Members and Share Transfer Books of the Company will remain closed from Saturday, July 06, 2024 to Thursday, July 18, 2024 (both days inclusive) for the purpose of payment of dividend," Escorts Kubota further informed to stock exchanges.

Escorts Kubota Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "ESCORTS Ltd is currently trading at Rs 4258 and has shown a strong rally from lower levels, forming higher high and higher low pattern, The immediate support for ESCORTS Ltd is at Rs 4069. closely aligned with the 20-day Exponential Moving Average (EMA), signifies historical buying interest and provides a foundation for the stock's price stability. This level serves as a potential stop for downward movements."

"There is a good buying opportunity near the Rs 4200 levels for those looking to go long on the stock. If the price breaks the Rs 4350 mark, stock can move towards 4555 levels and higher. For a cautious approach, buying on dips is suggested at Rs 4200 with a stop-loss (SL) at Rs 4069. The targets for this trade are Rs 4555. In summary, ESCORTS Ltd presents potential buying opportunities, but investors should closely monitor the stock's price movement and implement appropriate risk management strategies to protect their investments," the analyst added.

Titan Company Upcoming Dividend

"The Register of Members and the Share Transfer Books of the Company will be closed from Friday, 28th June 2024 to Friday, 12th July 2024, inclusive of both days. The dividend of Rs 11 per equity share of Rs 1 each (i.e., 1100%), if declared by the Members at the AGM, will be paid subject to deduction of income tax at source (TDS) on or after Tuesday, 16th July 2024 as under: For Shares held in electronic form: To all the Beneficial Owners as of the close of business hours on Thursday, 27th June 2024 as per the list of beneficial owners to be furnished by the NSDL and Central Depository Services (India) Limited (CDSL); and For shares held in physical form: To all the Members after giving effect to valid transmission requests and transpositions lodged with the Company as of the close of business hours on Thursday, 27th June 2024," said Titan Company in its annual report.

Titan Company Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "TITAN is currently trading at Rs 3419 and has recently reversed from a demand zone, forming a double bottom pattern, indicating a potential reversal and a strong bullish trend. A breakout above Rs 3450 could propel the stock towards the Rs 3636 & Rs 3700 level. On the flip side, Rs 3222 serve as crucial support levels. Furthermore, after a prolonged correction, the stock has reversed from the support level. The Relative Strength Index (RSI) is currently at 50.97, on an upward trajectory, suggesting growing buying momentum. Collectively, these technical indicators imply that TITAN has the potential to reach the Rs 3700 target in the near term."

"A prudent strategy would involve considering buying opportunities on dips at levels around Rs 3350. In summary, based on technical analysis and prevailing market conditions, TITAN appears to present a promising buying opportunity for those targeting a Rs 3700 price objective. It is crucial to implement prudent risk management strategies to navigate potential market fluctuations," the analyst stated.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.