Mid Cap NBFC, Fertilisers Stocks Fix Record Date For Maximum 600% Dividend, Buy?

2 mid cap stocks fixed record date for interim dividend. These stocks are Coromandel International Ltd and Manappuram Finance Ltd. Brokerages have given buy call to both the mid cap dividend paying stocks with maximum return of 38%. Check details related to the stocks and interim dividend amount below:

1. Coromandel International Sets Record Date For Interim Dividend

The board of directors of the company stated in the regulatory filing, "The Board approved payment of Interim Dividend for the financial year 2022‐23 at Rs. 6/‐ (Rupees Six only) per equity share, representing 600%, on the equity share of face value of Re.1/‐ each fully paid."

The record date is February 17, 2023 for the aforementioned dividend.

2. Coromandel International Stock Performance & Return

The last trading price of the stock is Rs 874.50 apiece with 52-week high price at Rs 1094.40 apiece and 52-week low price at Rs 730 apiece, respectively. The mid cap stock has a market capitalisation of Rs 25,711.15 crore.

The stock declined 11% in last 3-months, rallied 6% in last 1-year, and 38% in last 3-years. The company paid all its debts. It was incorporated in 1961 and operates in Fertilisers sector.

3. Buy Coromandel International

Leading brokerage firm Prabhudas Lilladher has assigned buy call to Coromandel International with a target price of Rs 1200 apiece in its report dated November 6, 2022. If you buy Coromandel International now, you can expect to receive a likely return of 37%.

1. Manappuram Finance Fixes Record Date For Interim Dividend

The company's board of directors in their regulatory filing said, "Declared an interim dividend of Rs 0.75 per equity share of face value Rs 2."

The company fixed February 15, 2023 as the record date.

5. Manappuram Finance Stock Performance & Return

The last trading price of Manappuram Finance is Rs 116 apiece with an intraday surge of 0.83%. Stock's 52-week high is Rs 116.10 apiece and 52-week low is Rs 81.50 apiece, respectively. It has a market capitalisation of Rs 9,826.64 crore.

The NBFC sector stock declined 26% in last 1-year and rallied 10% in last 3-months.

6. Buy Manappuram Finance

Brokerage firm Monarch Networth Capital, in its report dated December 13, 2022, assigned buy call to Manappuram Finance with a target price of Rs 160 apiece. If you buy Manappuram Finance now, you can get a likely return of 38%.

 

Disclaimer

The stocks have been picked from the brokerage report of Prabhudas Lilladher and Monarch Networth Capital. Greynium Information Technologies, the Author, and the respective Brokerage Houses 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.