If you are looking for value buys in the market at the moment, you may consider these relatively high dividend paying PSU stocks as potential opportunities to increase the return. According to a list of the highest dividend-yielding PSU shares compiled by Religare Broking, Coal India, Oil India, and PTC India shares were among the top dividend-paying PSU scrips, with yields of 8.2%, 6.7% and 5.9%, respectively. National Aluminium Company and NMDC were ranked at the bottom of the list with a 4.6% and 4.5% dividend yield, respectively.
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Here’s a look at the top dividend-yielding PSUs:
The list was dominated by companies from the Oil and gas Sector. Oil India, Oil & Natural Gas Corporation and Chennai Petroleum Corporation were the 3 companies out of 10 to make it to the list, with dividend yields of 6.7%, 5.9% an…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded down by 52 points or 0.23% at 22,865 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 ended down by 44.30 or 0.19% to settle at 22,888.15 while the BSE ended lower 220.04 points or 0.29% to 75,170.46.
“Nifty’s woes deepened as it fell for the third consecutive day, mirroring investor anxiety surrounding upcoming events like exit polls and US GDP data. This nervousness sent the volatility index, India VIX, soaring to a two-year high, indicating a jittery market,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Zomato, Reliance Industri…
By Anand James
The fortnight ahead is crucial as positions get re-aligned in anticipation of fresh cues from the budget scheduled for July 23. Though the budget has come to be a non-event of late for capital markets, there is always a question of “what if” on the lips of many, as speculations never cease to leave the traders unaffected, be in terms of broad market announcements, or sector-specific cues. This is probably the reason why the rise in benchmark indices has been muted, but with all dips quickly bought, disappointing bears as well. VIX continued to decline from last month’s peaks, but we could potentially see a rise in the same in the next fortnight.
Nifty50
Early last week, the conditions were ripe for a swing lower, not only due to persistent overbought conditions but more because of how far Nifty stayed above the 20-day SMA. However, after being 3% away, which is extreme, a pause ensued in the uptrend, allow…
Tata Technologies, a subsidiary of Tata Motors (TML), marked a significant milestone on Thursday, November 30, as it debuted on the market at a remarkable 140% premium to its issue price of Rs 500. The stock opened at Rs 1,200 on the NSE and ₹1,199.95 on the BSE, and made an intraday high of Rs 1400, almost 180% up.
The shares of Tata Technologies listed with a market capitalization of Rs 56,000 crores, more than Tata Elxi, which is valued at Rs 52,000 crores.
Industry analysts attribute Tata Tech’s exceptional debut to its robust subscription numbers, solid financial performance, strong parentage within the Tata Group, and optimistic growth prospects in the engineering services sector.
Senior Citizens Savings Scheme: You can earn Rs 61,500 in interest quarterly by investing in this retirement plan – Here’s how Axis Ecorp enters fractional ownership segment, sets Rs 100-cr revenue target for FY24-25 Tata Motors shares drop 5% on concerns abo…