1. Marico Ltd
It’s a fundamentally strong stock. Investors are getting a good discount on the stock considering its current price of Rs 484 which has fallen from the peak of Rs 607. Stocks like this do not experience frequent declines and if the price has fallen close of 20.26%, this is a great opportunity for investors to invest in the stock. It is important to see the fundamental of the stock. Its dividend yield is 1.91%, its ROE (Return on Equity) 36.58% and its ROCE (Return on Capital Employed) 44.5%. The company has almost no more debts. These are three important parameters that a retail investor should look for. It is also equally important to check whether the company regularly pays dividends, as it can be a stable source of income for investors. These parameters indicate that the company has a strong potential to give you a good long-term return. If you look at the shareholding diagram, you will see that 59% are sponsors, 8% are public, and 34% are institutional holdings, indicating that this stock has investment from accredited investors and institutions. Thus, this indicates that investors should invest in this fundamentally sound stock to benefit from a potential return over the longer term. If you add these stocks to your portfolio, they can give you a good return.
Marico Dividend History: Marico has a good dividend history as it has been paying dividends to investors regularly for 5 years. For March 2022, the company has paid a stock dividend of Rs 9.25 per share.
Marico Ltd Share Outlook: The current market price is Rs 424 each. The 52 week high and 52 week low are Rs 607 each and Rs 455 each.
About Marico Ltd.: Marico Limited is one of India’s leading consumer goods companies operating in the global beauty and wellness categories. Marico develops leading brands in hair care, skin care, edible oils, immunity boosting and healthy foods, men’s grooming and fabric care categories, according to its official website.
2. Havells India Ltd
It is a large capitalization company. The current market price is Rs 1093 with a loss of 1.81%. The stock has a P/E of 57.25. Its dividend yield is 0.69%. The return on equity is 21% and the return on capital employed is 27.6%. These parameters indicate that the stock is fundamentally sound. The company is nearly debt free and should deliver a good quarter. The consumer electronics maker reported a 16% increase in its consolidated net profit to Rs 352 crore for the fourth quarter ending March 2022. Operating revenue also jumped by 32.55% to Rs 4,4426 crore for the financial year 2022. These parameters indicate that investors can consider adding this security to their portfolio for a good return. The shareholding structure indicates that 59.52% are promoters, 8.69% are public and nearly 31% are institutional holding companies.
Havells India Dividend History: The company has a good dividend history and has declared dividends consistently over the past 5 years. Earlier this year in March, the company paid a dividend of Rs 7.5 per share.
Stock market outlook: The current market price is Rs 1093 each. The 52-week high and 52-week low are Rs 1504 each and Rs 958 each, respectively.
About the company: Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) company and a leading manufacturer of power distribution equipment with a strong global presence. Havells enjoys market leadership in a wide range of products, including industrial and household circuit protection devices, cables and wires, motors, fans, modular switches, household appliances, air conditioners, electric water heaters, power capacitors, light fixtures for domestic, commercial and industrial applications, according to its official website.
Investors are urged to exercise caution as markets have become extremely volatile. Stocks may fall, eroding investors’ wealth. Neither Greynium Information Technologies nor the author would be liable for any loss based on a decision to read the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets.