Dividend Rs 3.25/Sh: Buy Railway PSU, Tata Stock; Record Date Near; TP Up To Rs 1050: Motilal Oswal

Motilal Oswal in its latest report recommended investors to buy 2 stocks from railway and integrated power utilities sector. The Railway PSU stock recommended dividend of Rs 3.25 per share and will trade ex-dividend on November 15, 2024. These two stocks are Container Corporation of India and Tata Power Ltd shares. Motilal Oswal recommended buy call to Tata Power with target price of Rs 509 per share. The brokerage assigned buy call to Concor shares with target price of Rs 1050 per share. Both these stocks offered attractive returns to shareholders over the years. Check details below:

1. Buy Container Corporation of India Shares:

Traders have been recommended to buy Container Corporation of India Ltd shares with target price of Rs 1050 per share. Current market price of Container Corporation of India stock on BSE is Rs 860.05 per share. Last trading price of the railway PSU stock on Bombay Stock Exchange (BSE) stood at Rs 860.70 per share. The company has a market capitalisation of Rs 52,441.96 crore. The logistic solution provider offered shareholders return of 17% in last 1-year and declined 12% in last 3-months. In last 5-years, Container Corporation of India shares gained 48%.

The PSU declared its consolidated profit before tax jumped to Rs 526 crore for the quarter ended September 2024 as against Rs 482 crore declared in the similar quarter of last year. Revenue from operations jumped 4.2% to Rs 2,288 crore amid 6% growth in cargo volume.

CONCOR Dividend:

The company's BSE filing dated October 29 said, "the Board has declared 2nd Interim Dividend for FY 2024-25 of 65% i.e. Rs.3.25 per equity share of face value of Rs.5/- each amounting to Rs.198.02 crores. The record date for the purpose of payment of Interim Dividend has been fixed as 15.11.2024. The Interim dividend will be paid/ dispatched to the shareholders on or after 22.11.2024. The payment of dividend will be made within 30 days of its declaration."

Container Corporation Bonus Share History:

Container Corporation of India offered 4 bonus issues since April 16, 2008. The last Bonus that Container Corporation of India declared was in the ratio of 1:4 with ex-date of February 4, 2019.

Container Corporation Stock Split History:

Container Corporation of India split the face value of its share once since June 26, 2018. Container Corporation of India last split the face value of its shares from Rs 10 to Rs 5 in 2018.

2. Buy Tata Power Company Share:

Tata Power Company Share price on Bombay Stock Exchange settled at Rs 449.00 per share today. The company's market capitalisation stood at Rs 1,43,470.75 crore. Tata Power Company shares offered shareholders return of over 5% in last 1-week, gained 80% in last 1-year, and soared 662% in a span of 5-years. Motilal Oswal suggested trader to buy Tata Power Company shares with target price of Rs 509 per share. Tata Power on October 30, 2024 reported a surge of 51% in its net profit to Rs 1533 as compared to Rs 1017 crore declared in the corresponding quarter of last year. Revenue from operations for September 2024 quarter slipped 1% YoY to Rs 15,247 crore.

Tata Power Stock Split History:

Tata Power Company split the face value of its shares once since September 26, 2011. Tata Power Company last split the face value of its shares from Rs 10 to Re 1 in 2011.The share traded ex-split from September 26, 2011.

Disclaimer:

The stocks have been picked from the brokerage report of Motilal Oswal. 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.