ICICI Securities Lists 2 Top Stocks To Buy, Add For Higher Return, Dividend Income

ICICI Securities has recommended investors to buy two mid cap stocks for higher return. These two stocks are Tata Group's Indian Hotels Company Ltd and financial services sector stock, Angel One Ltd. Indian Hotels recommended dividend of 100% earlier this year and its ex-dividend date is June 9, 2023. Meanwhile, Angel One recommended final dividend of Rs 4.00 per share and record date of June 23. Check details below:

1. Add Indian Hotels Company Ltd: Last trading price of Tourism & Hospitality sector stock, Indian Hotel Company is Rs 395 apiece on BSE. It gained 1.75% intraday. ICIC Securities recommended add call for Indian Hotels share with target price of Rs 443 apiece. If you add the Indian Hotels Company stock, you can fetch likely return of 12%. Its 52-week high price is Rs 399.40 per share and 52-week low price is Rs 207.25 per share, respectively. Its market capitalisation is Rs 56,233.65 crore.

Indian Hotels Company stock delivered 71% return in last 1-year and 200% return in last 2-years.

It also Recommended a dividend of Re 1/- per Equity Share of Re 1/- each fully paid up of the Company @ 100 % (previous year Re 0.40/- per Equity Share of Re 1/- each fully paid up @ 40%), subject to the approval of the Members at the forthcoming Annual General Meeting. The ex-dividend date is June 9, 2023.

2. Buy Angel One Ltd: ICICI Securities has assigned buy call to Angel One share with target price of Rs 1590 per share. Current market price of Angel One stock is Rs 1457.10 apiece with intraday jump of 0.72%. If you buy Angel One share now, you can get potential return of 9%. Angel One stock's 52-week high price is Rs 1673.00 per share and 52-week low price is Rs 1000.00 per share, respectively. Its market capitalisation is Rs 12,212.36 crore. In last 2-week, Angel One share jumped 20% and 30% in last 3-months.

The company declared final dividend of Rs 4.00 per share and fixed June 23 as the record date.