New Delhi: presently, the equity markets are significantly bearish for the past six months, due to the eastern-European war, inflation, and high inflation rates in the major economies. Here, Motilal Oswal, a reputed brokerage firm has recommended three stocks to invest in for up to 56% aggressive returns, companies giving high Dividend Yields.
KEC International Ltd The current market price of Engineers India stood at Rs. 373/ share on NSE, and Motilal Oswal has estimated a target price for the stock at Rs. 510/share. So, this stock can offer 37% return in the near term. In the past one year the company’s stock price has fallen by 15.67%, in the past six month the stock price has fallen by 19.88%, while in the past one month the share price has dropped by 1.89%, when the market was highly bearish. Nut, in the past 5 year the company’s stock price has gained by 50.82%. Market capitalization of this mid cap company is Rs. 9,510 crore. The company is offering a Dividend Yield at 1.08%.
KEC International is one of the Leading Resources for Engineering Procurement and Construction, as the website. They deliver projects in key infrastructure sectors such as Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables.
Larsen & Toubro The current market price of Larsen & Toubro stood at Rs. 1527/ share on NSE, and Motilal Oswal has estimated a target price for the stock at Rs. 2270/share. So, this stock can offer 49% return in the near term. In the past one year the company’s stock price has gained by 1.32%, in the past six month the stock price has fallen by 17.39%, while in the past one month the share price has dropped by 3.98%. In the past 5 year the company’s stock price has gained by 29.42%. Market capitalization of this large cap company is Rs. 5,424 crore. The company is offering Dividend Yield at 0.78/.
Previous Financial Results of the stocks According to data available with NSE, in Q4 FY22, the KEC International Ltd.’s Total Income stood at Rs. 3,87,777 lakh, as against Rs. 3,00,096 lakh in the previous quarter. Its Net Profit stood at Rs. 4,589 lakh, as against Rs. 15,282 lakh in the earlier quarter. Additionally, the company’s Profit before tax (PBT) was reported at Rs. 7,819 lakh, as against Rs. 21,318 lakh in Q3 FY22.
According to data available with NSE, in Q4 FY22, Larsen & Toubro’s Total Income stood at Rs. 37,43,922 lakh, as against Rs. 21,55,154 lakh in the previous quarter. Its Net Profit stood at Rs. 2,90,115 lakh, as against Rs. 1,67,084 lakh in the earlier quarter. Additionally, the company’s Profit before tax (PBT) was reported at Rs. 3,82,372 lakh, as against Rs. 2,06,219 lakh in Q3 FY22.
