Dividend Shopping List: Stocks to Watch out for, ‘with Levels’!

  • Stock Market Analysis
Aayush Khanna/Investing.com - Investing.com

The broader market continued its fall on Thursday but recovered from the lows before the closing, ending 0.08% up at 16,985. As the panic is still there, it might be a good idea to keep some of the high dividend-paying stocks on the radar. To capitalize on this dip, here's a list of some of the good ones with their nearest demand zone.

Petronet LNG Limited

Petronet LNG Ltd (NS: PLNG ) is a midcap company engaged in the import and re-gasification of liquefied natural gas (LNG) and has a market capitalization of INR 33,832 crores. A few days back, the stock had already delivered a breakout on the daily chart, making it a good bet for capital appreciation as well. The current dividend yield of the stock is 5.1%. From the earnings perspective, it is trading at a single-digit TTM P/E of 9.67, making it quite lucrative. The retest of the breakout level of INR 230 is where left-out investors are expected to kick in.

Coal India Limited

Coal India Ltd (NS: COAL ) has almost a monopoly in India in the coal mining sector and has a market capitalization of INR 1,36,073 crores. The company posted record revenue of INR 1,13,618 crores in FY22 which translated into a profit of INR 17,358.1 crores. It is trading at a dividend yield of 7.7% and a TTM P/E ratio of a mere 4.64. The strong support level of INR 210 is a good level to accumulate the stock.

REC Limited

REC Ltd (NS: RECM ) (formerly, Rural Electrification Corporation Limited) is a Maharatna company with a market capitalization of INR 31,506 crores. It is in the business of providing financial services to the entire power sector. This is one of my personal favorites and is currently trading at a dividend yield of 9.59%, despite a 26.6% rally in the last one year. As the stock has risen a lot, waiting for a dip to the demand zone of INR 112 - INR 110 would be a good decision.

Vedanta Limited

Diversified natural resources company, Vedanta Ltd (NS: VDAN ) with a market capitalization of INR 1,03,406 crores is the highest dividend-paying stock in its space, with a current dividend yield of 16.19%. The recent sell-off in the metal space has also thrown it off its highs and a level of INR 260 would a good one to deploy cash toward this dividend machine.

Disclosure - I hold REC shares in my portfolio.

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  • mahesh birajdar @mahesh birajdar
    Plz i m hold Adani port. plz what about adani port
    Like 0
  • RAJENDRA CHORARIA @RAJENDRA CHORARIA
    impressed very much on ur article on dvd .stocks, I too holding VEDL, REC, n few more MNC Pharma stocks, pls include more such types of safe stocks in ur next article, Thanks a lot
    Like 3
  • SHYAMLAL PORIKA @SHYAMLAL PORIKA
    Please do analysis on currency pairs also. Your analysis is veryGood and Timely. All the very Best.
    Like 3
    • Aayush Khanna/Investing.com @Aayush Khanna/Investing.com
      Sure.
      Like 2
    • SHYAMLAL PORIKA @SHYAMLAL PORIKA
      Lovely.Currency is neglected by many investors,But it has the highest Turnover as well.Thanks for prompt reply.Awaiting your Analysis in Currency pairs of India
      Like 2

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  • Sahil Shah @Sahil Shah
    Hey!! I really like your articles but why haven't you mentioned stocks like HPCL,POWERGRID,CESC or even PFC they also give great dividends
    Like 3
    • Aayush Khanna/Investing.com @Aayush Khanna/Investing.com
      Thanks, Sahil. I've just mentioned a few. There are many more with high payouts.
      Like 1
    • SHYAMLAL PORIKA @SHYAMLAL PORIKA
      Please do analysis on currency pairs also. Your analysis is veryGood and Timely. All the very Best.
      Like 1

      • Comment Guidelines

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