From HUL to Indian Hotels: Planning to buy these dividend stocks? Check what brokerages recommend
Dividend Stocks 2024: Equity benchmark indices gave up their gains of the last four days and declined in early trade on Thursday. The 30-share BSE Sensex dropped 296.79 points to 73,556.15 and the NSE Nifty dipped 97.15 points to 22,305.25. Amid this volatility, listed companies are announcing their quarterly results and declaring dividends, allowing investors to earn some extra money.
Dividend Stocks to buy in 2024
Some of the companies that have announced dividends are HUL Axis Bank Ltimindtree Tata Group's Indian Hotels dalmia bharat. If you are planning to buy these dividend stocks, take a look at what brokerages have to say on some of these stocks.
Axis Bank Share Price Target
Axis Bank has announced Q4 results and recommended a dividend of Re 1 per equity share of face value of Rs 2. The dividend amount will be paid within 30 days of the Annual General Meeting (AGM). After the results, brokerage firm Jefferies has maintained its buy rating on the stock with a target price of Rs 1,380.
Hindustan Unilever Limited or HUL Share Price Target
Hindustan Unilever Ltd (HUL) has recommended a final dividend of Rs 24 per equity share of Re 1 each for FY24. Meanwhile, global brokerage firm CLSA has maintained the 'underperform' rating on the stock. The target on the share has been reduced to Rs 2,261 from Rs 2,420.
LTIMindtree Share Price Target
The IT company has declared a dividend of Rs 45 per equity share at the face value of Re 1 for investors. After Q4 results, brokerage firm Citi has maintained a 'sell' rating on LTIMindtree. The target on the share has been reduced to Rs 4,165.
Indian Hotels Share Price Target
The hotel sector company has declared a dividend of Rs 1.75/share in the Q4 results. After the results on the stock, Morgan Stanley has given a rating of 'overweight' and set the target price of Rs 529.
Dalmia Bharat Share Price Target
Cement sector company Dalmia Bharat has announced a Rs 5 dividend along with the results of the March quarter. Brokerage firm Morgan Stanley has maintained its overweight rating on Dalmia Bharat after the results and has set a target of Rs 2,450.
Disclaimer
The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.