2 Maharatna Stocks To Buy: Record Date For Dividend Set, Brokerages See Shares Rising

Two maharatna status stocks today fixed record date for payment of interim dividend. These stocks are NTPC Ltd and Coal India Ltd. NTPC Ltd has fixed February 4, 2023 as the record date for interim dividend. Meanwhile, Coal India has fixed February 8, 2023 as the record date for payment of 2nd interim dividend for FY 2023, if declared. Brokerages have given their ratings to the two stocks. Check details below:

1. Coal India Decides Record Date For Interim Dividend

The regulatory filing of the company stated, "Pursuant to Regulation 29 & 42 of the Listing Regulations 2015, notice is also given that Board of Directors of the company may also, inter alia, consider and declare payment of 2nd Interim Dividend for FY 2022-23, if any. The Company has fixed Wednesday, 8th Feb'2023 as the "Record Date" for the purpose of payment of 2nd Interim Dividend on Equity Shares for Financial Year 2022-23, if declared by the Board."

Coal India Stock Performance & Return: The last trading price of the stock is Rs Rs 216.85 apiece with intraday surge of 1.78%. The large cap Mining & Mineral sector stock has given 35% return in last 1-year and 4% in last 1-year. It declined 23% in last
5-year.

Sharekhan Gives Buy Call To Coal India: Brokerage firm Sharekhan has assigned buy rating to Coal India with a target price of Rs 280 apiece. The current market price of Coal India is Rs 216.85 apiece with an intraday gain of 1.78%. If you buy Coal India shares now, you will likely receive 30% upside.

2. NTPC Ltd Sets Record Date To Pay Dividend

According to the BSE filing of the company, "Pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, the Company has fixed Saturday, February 4, 2023 as the 'RECORD DATE' for the purpose of ascertaining the eligibility of the shareholders for payment of interim dividend, if declared by the Board."

NTPC Ltd Stock Performance & Return: The last trading price of the stock is Rs 169.35 apiece with an intraday gain of 1.04%. The stock's 52-week high is Rs 182.80 apiece and 52-week low is Rs 123.70 apiece, respectively. The company has a market capitalisation of Rs 1,64,213.04 crore. The power sector stock has rallied 26% in last 1-year and 40% in last 3-years. The large cap stock operates in Power sector.

HDFC Securities Assigns Buy Call To NTPC Ltd: The brokerage is bullish on NTPC Ltd and has recommended investors to buy NTPC Ltd with a target price of Rs 192 apiece. The current market price of NTPC is Rs 169.35 apiece with intraday surge of 1.04%. If you buy NTPC Ltd now, you will potentially receive 14% return.

Disclaimer

The stocks have been picked from the brokerage report of Sharekhan and 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.