5 PSU Stocks That Declared Dividend, Set Record Date: Should You Buy, Sell, Or Hold?

5 leading PSU stocks recently announced interim dividends and fixed record date. Four of the five stocks are of Maharatna or Navratna status. Leading brokerages have assigned buy or hold call to some of these stocks. These stocks are REC Ltd, Coal India Ltd, Container Corporation of India, Power Grid Corporation of India Ltd, and Indraprastha Gas Ltd. Check details below:

1. Buy Coal India Ltd

Maharatna company Coal India Ltd declared 2nd interim dividend of 5.25/share. The company has fixed February 8, 2023 as the record date. The last trading price of Coal India Ltd is Rs 224.90 apiece with an intraday fall of 0.44%.

The company has a market capitalisation of Rs 1,38,599.76 crore. The stock gave a return of 40% in last 1-year, 23% in last 3-years, and declined 8% in last 3-months.

Motilal Oswal in its January 23, 2022 report has assigned buy call to Coal India Ltd with a target price of Rs 275 apiece. If you buy Coal India Ltd now, you will potential receive a return of 23% soon.

2. Hold Container Corporation of India

Navratna company Container Corporation of India has declared 3rd Interim dividend Rs 4.00/share and set February 6, 2023 as the record date.

The last trading price of the stock is Rs 629.25 apiece with market capitalisation of Rs 38,339.85 crore. The stock gave a return of 10% in last 3-year and declined 2% in last 1-year. The large cap company operates in Logistics sector.

ICICI Direct has assigned "Hold" call to Container Corporation of India with a target price of Rs 700 apiece in it January 29, 2023 report implying a return of 11%. According to the brokerage, "We change our stance from BUY to HOLD recommendation. We value the stock at Rs 700 i.e. 32x P/E on FY24E EPS."

3. Add Power Grid Corporation of India Ltd

Power Grid Corporation of India on January 31, 2023 approved 2nd interim dividend of Rs 5 per equity share of Rs 10 each for the financial year 2022-23. The Navratna stock Power Grid Corporation of India Ltd Set Feb 8, 2023 as record date for 2nd Interim Dividend,
if declared.

The last trading price of Power Grid Corporation of India is Rs 216.35 apiece with intraday gain of 2.17%. The large cap company has a market capitalisation of Rs 1,50,913.92 crore. The large cap stock declined 5% in last 3-month and gave a return of 54% in last
3-year.

ICICI Securities, in its November 9, 2022 report, gave add call to the stock with a target price of Rs 242 apiece indicating a return of 12%.

According to the analyst, "We maintain ADD on the stock with DCFbased target price of Rs242/share."

Buy Indraprastha Gas Ltd

Indraprastha Gas Ltd declared Rs 3.00/share interim dividend. IGL has fixed February 7, 2023 as the record date. The last trading price of the stock is Rs 425.95 apiece with intraday gain of 2.35%. The company has a market capitalisation of Rs 29,816.53 crore.

The stock gave a return of 8% in last 1-year and declined 16% in last 3-year. It soared over 39% in last 5-year. The large cap company operates in Gas & Petroleum sector.

Bob Capital has assigned buy call to IGL with a target price of Rs 520 apiece showing a return of 22% if investors buy Indraprastha Gas Ltd now.

5. REC Ltd

Maharatna company REC Ltd declared 2nd interim dividend of Rs 3.25/share. REC has fixed February 9, 2023 as the record date for the interim dividend. The last trading price of REC Ltd is Rs 121.70 apiece with intraday surge in shares of 4.82%.

The company has a market capitalisation of Rs 32,046.34 crore. The stock surged 19% in last 3-months, 17% in last 1-year, and 12% in last 3-year. It offered a return of 23% in last 6-months.

The large cap company operates in Term Lending Institutions Sector.

 

Disclaimer

The stocks have been picked from the brokerage report of Motilal Oswal, ICICI Direct, ICICI Securities, and Bob Capital. 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.