386% return in 3 years: Rs 23.80 dividend stock gets 'Buy' call; target price is Rs 7,550 - Check record date and other details

Investors continued to lose wealth as the market has seen a downward trend in the last three sessions amid escalating tensions in the Middle East and weak global trends. According to a report, investor's wealth has come down by Rs 7.93 lakh crore in these three days. However, this could be an opportunity as well to make some money. 

Brokerage firm Motilal Oswal has picked one such stock that can give up to 12 per cent return. 

ABB India Share Price History

The counter has given a multibagger return of 386 per cent in three years and over 198 per cent in two years. In one year, the scrip has made investors wealthier by 105 per cent in one year.

ABB India Share Price Target

Motilal Oswal has a buy call on ABB India with a target price of Rs 7,500. The stock of ABB India Ltd. had ended the last trading session at Rs 6,647.20 on the BSE.

ABB India Dividend 2024

Meanwhile, the large cam engineering stock has announced a final dividend of Rs 23.80 per equity share of face value of Rs 2 each. The company has fixed May 3, 2024 as the ex-date and May 11, 2024 as the record date. A Record Date is important as it helps organisations decide the eligibility of shareholders for corporate actions like dividends, bonus shares and others.

ABB India Dividend History

Earlier, the company had announced the special dividend of Rs 5.50 in August and Rs 5.50 in April.

Meanwhile, the downtrend continued for the third day running on Tuesday and the 30-share BSE Sensex tanked 456.10 points or 0.62 per cent to settle at 72,943.68. During the day, it slumped 714.75 points or 0.97 per cent to 72,685.03.