Dividend Paying Stocks: Bajaj Auto and Hero MotoCorp are among the dividend paying stocks on Dalal Street. In FY22, Hero Motocorp gave 95% dividend to its shareholders while Bajaj Auto paid 140 per equity dividend to its shareholders. As stock analysts are bullish on the auto sector after the national economy comes out of the covid summer shadow, long-term investors may look to these stocks as it gives its shareholders additional returns from its reserves.
According to Share Market Experts, Bajaj Auto shares look attractive at the current price as several new products are lined up for launch. He added that Hero MotoCorp is trading above the 200 DEMA on the chart and expects a sharp rally in the near future. Hence, those with a long-term view can go for Bajaj Auto stocks, while those with a short-term view can look at Hero MotoCorp.
Speaking on Bajaj Auto Vs Hero MotoCorp shares, Ravi Singhal, CEO, GCL Securities said, “From a fundamental perspective, Bajaj Auto is expected to launch a good number of new products, which will boost the company’s revenues during the upcoming festive season and beyond. The collection is expected to improve. Hence, those with a long-term view can consider Bajaj Auto shares as a potential buy today. Bajaj Auto is also trading above 200 DEMA. Shares of Bajaj Auto can be bought for the target of six months The 4100 level holds the stop loss 3400 each level.”
However, for short term investors, Ravi Singhal of GCL Securities said Hero MotoCorp could be a good bet as it is bouncing back from its lows and has given a breakout. Based on closing 2610 levels.”
In favor of Hero MotoCorp shares for short term investors, Sumeet Bagdia, Executive Director, Choice Broking said, “Hero MotoCorp shares are bouncing back from their lows and are trading above the 200 DEMA, which means that Auto stock expected to rise sharply. Move in near term. Stock may go up 2800 each level in the short term. Can buy Hero MotoCorp shares while maintaining stop loss 2525 each level.”
Anuj Gupta, Vice President, Research, IIFL Securities said, “On the technical chart pattern, Hero MotoCorp stock is likely to move higher. 3,000 more 3,200 level in the short to medium term as the stock has seen a huge jump in the recent sessions. However, it looks like Auto Stock has come out of base building mode and is ready for some positive moves now.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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