Dividend Stocks To Buy: Invest In 2 Multibagger Stocks For Double Digit Return, Decent Dividend

Two multibagger stocks are making news. These stocks have given multibagger returns to investors and now all set to give attractive dividends as well. The board of directors of both the large cap and small cap companies have announced dividend recently. If investors buy the stocks now, they can expect to receive double digit returns and dividend income. Check key takeaways below:

1. Infosys Ltd

Share of the IT Software sector stock gained 4.97% on Friday after the company declared decent quarterly results and interim dividend. The current market price of Infosys Ltd is Rs 1490 apiece with its 52-week high at Rs 1953 and 52-week low at Rs 1355 apiece.

The stock is currently trading at 24% discount from its 52-week high level. The company has a market capitalisation of Rs 6,27,071.50 crore as of writing the report.

The stock has given multibagger returns to investors with 5-years return at 219%, 3-years return 88%, and negative 1-year return at 13%. The shares have surged 4% in 3 months and 2% in 1 week.

Outperform Rating From Credit Suisse: Credit Suisse has maintained an "Outperform" rating for Infosys stock with a target price of Rs 1710. If investors buy the stock of Infosys at its current market price of Rs 1485, they can get a potential return of 15.15%.

Infosys Ltd has announced its quarterly numbers for the period ending June 30, 2022 that were largely in line with estimates, with net profits surging 11%.

Infosys Board Announced Interim dividend, Record Date, And Payout Date: The Infosys board has declared an interim dividend of Rs 16.50 per share, a rise of 10% over FY 22 interim dividend of last year. The board has fixed October 28, 2022 as the record date for interim dividend and November 10 as payout date.

2. Angel One Ltd

The current market price of Angel One Ltd is Rs 1665 apiece with an intraday gain of 4.87%. The stock's 52-week high is quoted at Rs 2022 apiece and 52-week low is quoted at Rs 992 apiece.

The financial services sector stock is currently trading at a discount of 17.66%. The company has a market capitalisation of Rs 13,872.13 crore as of writing the story.

Shares of Angel One has jumped by 26% in the last 3 months only. The stock has given a return of 502% in the last 5 years.

Buy Rating From Motilal Oswal: Leading brokerage Motilal Oswal has given buy rating to Angel One Ltd in its latest report. According to Motilal Oswal, "It is a perfect play on: 1) the financialization of savings, and 2) digitization. It demonstrated a strong performance in 2QFY23 even amidst volatile market conditions. The management continues to invest in technology and strengthen its position. However, its client addition trajectory and the activation rate have slowed down. We look to review our estimates and target price post the concall on 14 th Oct'22."

Angel One Announces Interim Dividend And Record Date: The Board has declared 2nd Interim Dividend for the Financial Year 2022-23 at the rate of Rs. 9 per share on equity shares having face value of Rs. 10 per share, as on the Record date.

Further, as already intimated, the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend, as declared by the Board of Directors shall be Friday, October 21, 2022.

The dividend shall be paid on or before November 12, 2022 to those members, whose names appear on the Register of Members or in records of Depositories as beneficial owners of the shares as on the closure of business hours of Friday, October 21, 2022, which is the Record Date fixed for the purpose.

 

Disclaimer

The stock has been picked from the report of Motilal Oswal and Credit Suisse. 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.