High Dividend Stocks: ICICI Securities Assigns Add, Sell Call To 2 Dividend Stocks

ICICI Securities has assigned add and sell call to two high dividend paying stocks. These 2 stocks recently announced maximum dividends up to 640%. These 2 stocks are Hindustan Unilever Ltd and Tech Mahindra Ltd. ICICI Securities has assigned add call to HUL share with target price of Rs 2750 per share and reduce call to Tech Mahindra with target price of Rs 927 per share. Check details below:

1. ICICI Securities Gives Add Call To Hindustan Unilever: ICICI Securities has maintained add call to Hindustan Unilever with target price of Rs 2750 per share. Current market price of HUL is Rs 2432.70 per share on BSE. If you add the stock now, you can get potential return of 13%. The stock's 52-week high price is Rs 2741.00 per share and 52-week low price is Rs 2100.00 per share, respectively. The large cap FMCG stock has a market capitalisation of Rs 5,72,125.47 crore.

The stock gave 8% return in last 1-year, a little over 1% return in last 2-years, and 6% return in last 3-years.

The board of directors of HUL on April 27, 2023 recommended a final dividend of Rs. 22/- for the financial year ended 31st March, 2023 on Equity Shares of Re. 1/- each. The Company had earlier paid an interim dividend of Rs. 17/- per share on 17th November, 2022. The total dividend for the said period amounts to Rs. 39/- per Equity Share of face value of Re. 1/- each.

2. ICICI Securities Maintains Reduce Call To Tech Mahindra: The analyst has assigned sell call to Tech Mahindra with target price of Rs 927 per share. Current market price of Tech Mahindra is Rs 1018.75 per share. The stock's 52-week high price is Rs 1297.00 per share and 52-week low price is Rs 944.10 per share, respectively. The company has a market capitalisation of Rs 99,174.64 crore.

The board of directors of Tech Mahindra recommended Final dividend of Rs. 32/- per equity share of Rs. 5/- each i.e., 640% of the face value for the financial year ended 31% March, 2023, subject to the approval of members of the Company at the forthcoming Annual General Meeting.

The stock fell 19% in last 1-year, gave 4% return in last 2-years, and 96% return in last 3-years.

Disclaimer: The stocks have been picked from the brokerage report of ICICI 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.