Dividend Stocks To Buy: Buy 2 Stocks That Can Fetch Attractive Return: Motilal Oswal

Motilal Oswal has suggested investors to buy 2 stocks that just declared quarterly results. These two stocks are Bajaj Finance and L&T Technology. Board of directors of both the companies also recommended dividend of 1500%. Check details below:

1. Buy L&T Technology Services Ltd: Motilal Oswal has assigned buy call to L&T Technology Services with target price of Rs 4040 apiece. Current market price of mid cap stock is Rs 3866.65 per share. If you buy L&T Technology Services share now, you can get potential return of 4%. The stock rallied 13% in last 1-week.

According to the analyst, "We continue to view LTTS as a beneficiary of the growing penetration of ER&D Services. We raise our FY24-25 EPS estimates by 3% on account of a good Q4 performance and retain our BUY rating on the stock. We value LTTS at INR4,040 (premised on 26x FY25E EPS)."

The board of directors of LTTS recommended a final dividend of 1,500 % i.e. Rs. 30/- per equity share of face value of Rs 2.00/- each, subject to approval of the shareholders of the Company, which if approved, shall be paid/dispatched within thirty days from the conclusion of the Annual General Meeting of the Company.

The stock fell 5% in last 1-year, gave 47% return in last 2-years, and 234% return in last 3-years.

2. Buy Bajaj Finance: Current market price of Bajaj Finance Ltd is Rs 6219 per share. Motilal Oswal has given buy call to Bajaj Finance with target price of Rs 7080 per share. If you buy Bajaj Finance share now, you can get likely return of 14%. The large cap NBFC stock declined 7% in last 1-year, gained 17% in last 2-years, and 179% return in last 3-years.

According to Motilal Oswal, "BAF's reported PAT grew 31% YoY to ~INR31.6b (in line) in 4QFY23. The good operational performance was driven by 1) a healthy run-rate in customer additions/new loans disbursed, 2) pristine asset quality driving a ~7bp QoQ moderation in credit costs, and 3) a moderation in opex ratios. Maintain BUY with a TP of INR7,080 (premised on 5.3x FY25E BVPS)."

Meanwhile, board of directors of Bajaj Finance have recommended a dividend on equity shares at the rate of Rs. 30 per share (1500%) of face value of Rs. 2 each. for the financial year ended 31 March 2023.

Disclaimer:The stocks have been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies and the author 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.