2 Big Banks of India To Consider Dividend Soon: Top Analysts Give Buy Call, TP Rs 1230-2075
2 Leading bank stocks of India are all set to consider dividend for their shareholders. These two bank stocks are ICICI Bank and HDFC Bank.
Meanwhile, leading analysts Motilal Oswal, Sharekhan and Macquarie have already recommended buy call to HDFC Bank share and ICICI Bank share. If you buy these stocks now you can fetch maximum return of 43.8%.Check details below:
1. ICICI Bank To Consider Dividend, Quarterly Results On April 27: According to the BSE filing of ICICI Bank dated March 22, 2024, “meeting of Board of Directors of the Bank is scheduled to be held on Saturday, April 27, 2024 to, inter alia, consider and approve the audited financial results (standalone and consolidated) for the quarter and year ending March 31, 2024 and recommendation of dividend, if any, for the year ending March 31, 2024.”
ICICI Bank Shares Performance & Return: Last trading price of ICICI Bank share on BSE is Rs 1090.10 apiece with intraday gain of 0.73%. The 52-week high price of ICICI Bank on BSE is Rs 1113.35 per share and 52-week low price is Rs 844.25 per share, respectively. ICICI Bank shares gave return of 27% in last 1-year, rallied 52% in last 2-years, and soared 90% in last 3-yers span. ICICI Bank stock gave highest return of 401% in last 10-years.
Motilal Oswal Recommends Buy Call: The analyst has given buy call lto ICICI Bank shares and anticipates potential return of 12.83% in the shares of the bank. Motilal Oswal has given a target price of Rs 1230.00 per share.
ICICI Bank Stock Split History: The large private sector bank of India split face value of shares once since December 4, 2014. ICICI Bank split the face value of its shares from Rs 10 to Rs 2 way back in 2014. ICICI shares traded ex-split on December 4, 2014.
ICICI Bank Bonus Share History: ICICI Bank offered 1 bonus since June 20, 2017. The last Bonus that ICICI Bank declared was in the ratio 1:10 with ex-date of June 20, 2017, according to Trendlyne.
2. HDFC Bank To Consider Dividend: According to the exchange filing of HDFC Bank dated March 20, 2024, “We wish to inform you that the meeting of the Board of Directors of HDFC Bank Limited (“the Bank”) will be held on Saturday, April 20, 2024 to inter-alia consider the following:
a) Audited financial results for the year ended March 31, 2024 along with the consolidated accounts for the year ended March 31, 2024
b) Proposal for recommendation of dividend on the equity shares of the Bank for the financial year ended March 31, 2024.”
HDFC Bank Shares Performance & Return: 52-week high price of HDFC Bank stock on BSE is quoted at Rs 1757.80 apiece and 52-week low price is quoted at Rs 1363.45 apiece, respectively. HDFC Bank shares fell 15% year-to-date, fell 8% in last 6-months, witnessed correction of more than 8% in last 1-year. In last 2-years, HDFC Bank share sank 3% and gave return of over 26% in last 5-years. Last trading price of HDFC Bank BSE is Rs 1442.95 apiece with intraday fall of 0.15% as on March 22, 2024.
HDFC Bank Stock Split History: HDFC Bank Ltd. has split the face value 2 times since July 14, 2011. HDFC Bank Ltd. had last split the face value of its shares from ₹2 to ₹1 in 2019.The share has been quoting on an ex-split basis from Sept. 19, 2019.
Macquarie Recommends Buy Stance: Macquarie has maintained an outperform view with the highest target price of Rs 2075, indicating potential return of 43.8%.
Disclaimer: The stocks have been picked from the brokerage report of Motilal Oswal and Macquarie. 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.
Renu Baliyan Goodreturns
source: goodreturns.in
