2 Ashish Kacholia Portfolio Stocks To Watch For Dividend Payouts In FY23

Vaibhav Global and Xpro India are the two portfolio stocks of ace investor Ashish Kacholia. Vaibhav Global is a mid cap company that deals in the Consumer Discretionary sector whereas Xpro India is a small cap comoany that deals in the packaging business. These two stocks are going to pay FY23 divdend soon. Let's keep an eye on this stock quickly.

Vaibhav Global

The Board of Directors of the company have recommended a final dividend of Rs. 1.50/- per equity share (on the face value of Rs. 2/- per equity share) for the financial year ended 31st March, 2023. As per the dara of NSE, the stock is going to trade ex-dividend on 30th June 2023.

In the March quarter, the company's standalone profit grew by 1.96 percent to Rs 31.77 crore from Rs 31.16 crore in the corresponding quarter last year. From Rs 109.82 Cr in Q4FY22 to Rs 124.73 Cr in Q4FY23, its revenue from operations grew by 13.57% year on year, and the PBIDT margin climbed to 29.37% from 23.94%. EBITDA jumped by 39.37 percent from Rs 26.29 crore in the same period last year to Rs 36.64 crore in the March quarter. Earnings per share (EPS) for Vaibhav Global increased from Rs. 1.91 in March 2022 to Rs. 1.93 in March 2023.

On Friday, the shares of Vaibhav Global closed on the BSE at Rs 308.80 apiece up by 0.29% from the previous close of Rs 307.90. The stock touched a 52-week-high of Rs 418.00 on (08/09/2022) and a 52-week-low of Rs 268.60 on (29/03/2023). As per the shareholding pattern of Vaibhav Global for January to March 2023 quarter, Ashish Kacholia held 20,00,000 fully paid up equity shares or 1.21% stake in the company and another ace investor Vijay Kedia held fully paid up equity shares of 32,20,000 or 1.95% stake in the company.

Commenting on the technical outlook of the stock, A R Ramachandran, Co-founder & Trainer-Tips2trades said "Vaibhav Global looks bearish on the Daily charts with strong resistance at 317. A daily close below support of 300 could lead to a target of 273 in the near term."

Xpro India

The Board of Directors of the company have recommended a dividend of Rs. 2.00 per equity share of Rs.10- each for the financial year ended March 31 , 2023. As per the data of NSE, the ex-dividend date of Xpro India is 03-08-2023.

During Q4FY23, the company reported a net income of Rs 124.91 Cr down by 13.10% YoY from Rs 143.74 Cr in Q4FY22. The company said its net profit reached Rs 4.26 Cr in the March 2023 quarter down by 75.55% YoY from Rs 17.45 Cr in March 2022 quarter. The company has reported a total income of Rs.514.82 crores during the financial year ended March 31, 2023 as compared to Rs.473.55 crores during the financial year ended March 31, 2022, representing a gain of 8.71%. The company's net profit reached Rs 45.36 Cr during 12MFY23 up by 0.96% YoY from Rs 44.93 Cr in 12MFY22.

On Friday, the shares of Xpro India closed on the BSE at Rs 804.15 apiece down by 1.18% from the previous close of Rs 813.75. The stock touched a 52-week-high of Rs 918.80 on (12/07/2022) and a 52-week-low of Rs 528.00 on (10/02/2023). As per the shareholding pattern of Xpro India for January to March 2023 quarter, ace investor Ashish Kacholia held fully paid up equity shares of 7,88,550 or 4.33% stake in the company.

Commenting on the technical outlook of the stock, A R Ramachandran, Co-founder & Trainer-Tips2trades said "Xpro India looks bearish on the Daily charts with strong resistance at 855. A daily close below support of 775 could lead to target of 673 in the near term."