Tuesday, 18 June 2024
Trending
Stock Market

Religare lists Coal India, ONGC, and Oil India as some of the best PSU stocks

  • The top PSU stocks recommended by Religare Broking that provide high dividend yields.
  • The best option is Coal India, which offers a 6.4% dividend return.
  • The dividend yields of PTC India, Rites, and Gujarat State Fertilizers and Chemicals are 4.1% as well.

The top PSU stocks recommended by Religare Broking that provide high dividend yields include Coal India, ONGC, OIL India, Power Grid Corporation of India, Petronet LNG, Gujarat State Fertilizers and Chemicals, PTC India, Rites, Gujarat Narmada Valley Fertilizers and Chemicals, and Chennai Petroleum Corporation.

One of the most important things to take into account when buying dividend-paying stocks is dividend yield. It serves as a gauge of the profits that investors are getting from their stock.

PSU stocks

Based on the fundamental health of these companies, Religare Broking has assessed the top dividend-paying companies and chosen ten stocks for investment.

The best option is Coal India, which offers a 6.4% dividend return. The top PSU companies with high dividend yields are Oil and Natural Gas Corporation and Oil India, which pay 5.5% and 5.4%, respectively.

The robust electricity demand in India is reflected in Electricity Grid Corporation of India’s 4.5% dividend yield. With a 4.5% dividend yield and the advantage of the nation’s robust gas demand, Petronet LNG is another appealing option in the oil and gas sector.

The dividend yields of PTC India, Rites, and Gujarat State Fertilizers and Chemicals are 4.1% as well. Chennai Petroleum Corporation and Gujarat Narmada Valley Fertilizer and Chemicals are two more top choices. For investors who are interested in dividend income, these stocks are seen to be appealing wagers.

Related posts
Stock Market

Notable Stock Movements Today: Autodesk, Broadcom, Microsoft, and More

Autodesk and Broadcom see significant stock shifts amid market news. Microsoft and Best Buy…
Read more
Stock Market

Morgan Stanley purchases a stake in L&T Finance; shares rise 8% in two days

L&T Finance shares rise 8% over two days after Morgan Stanley‘s acquisition. L&T…
Read more
Stock Market

Sensex up 76,800 points; Nifty Midcap 100 450 points higher to 23,400

Sensex gains 221 points; Nifty 50 rises by 77 points Nifty Midcap 100 surges 450 points; Bank…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

EntertainmentMoviesTrending

Salaar: The worldwide gross for Prabhas' flick is Rs 402 crore

Worth reading...