Multibagger Low PE, High ROCE stock declares massive 840 per cent divided- mark your calendars!

For investors looking for a safe haven in a volatile market, they can keep an eye on this dividend champion stock

Investors and traders in the Indian stock market have had a lot to cheer about on Friday. With benchmark indices opening higher on Friday, March 17, the mood on the trading floor is upbeat. The Nifty is hovering around the 17100 mark, while the Sensex is inching closer to an important psychological mark of 58000. The positive sentiment has been driven by several factors, including reports that some of the largest US banks are providing a massive injection of deposits to regional lender First Republic Bank and Credit Suisse rebounding from a record low after announcing measures to boost its liquidity.  

However, the good news doesn't end there. In this article, we want to draw your attention to a stock that has announced a massive second interim dividend of Rs 84 per share (840 per cent). The record date for the second interim dividend is March 21, 2023. The stock is Kama Holdings, a core investment company whose subsidiaries are involved in the manufacturing, purchasing and sale of technical textiles, chemicals, packaging films and other polymers.  

Kama Holdings has been a standout performer in recent years. Its PE stands at a very attractive 6.10, while its ROCE is an impressive 34.5 per cent. But what really stands out is the stock's performance in the last three years, during which it has delivered a whopping 174 per cent returns and turning out to be a multibagger stock.   

For investors looking for a safe haven in a volatile market, they can keep an eye on Kama Holdings.