Best time to buy a stock ? Well what better than a recession when even the best in the business is available at a steep discount ! TCS is my 1st choice at the moment. Why ? Well, following points speak for itself (1) 2nd Largest IT company in the world with no worry of future business. (2) Largest company of Tata Group which is the largest business group of India. App. 70 % of profit of Tata group come from this single company. (3) Continuously growing top line and bottom line of business (4) Available at reasonable valuation with PE multiple of 29 (5) Regular buy back ensures value addition for share holders (6) Major company in both Sensex & Nifty and hence bought by both Indian as well as Overseas investor. When FII will come back, they buy blue chip shares like TCS first. (7) Operational for more than 5 decades now with consistent performance track ...
High Dividend Paying Stocks in India - Coal India
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Is it possible that you talk about Modern Day Cricket and there is no discussion about Virat Kohli? Least likely. Similary when point of discussion is High Dividend Paying Stocks in India, How can any one forget the Boss who is none other than coal india !! Quick introduction about Coal India as follows.
(1) Largest coal producing company in the world.
(2) The company contributes app. 82% to the total coal production in India.
(3) CIL is owned primarily by the Union Government of India who controls its operations through the Ministry of Coal.
With PE ratio of just 6.14 , PB ratio of 2.56 & Dividend yield of 8.87% , this stock still seems lucrative in market which is already perceived as too costly to buy !
Goverment of India is the largest share holder with 66.13 % market share. only 4.69 % is available with small investors/Public.
Graphs is suggesting a negative growth over a period of time. However, with opening of coal sector to private sector, Coal India also will be geared up and likely to perform better in the time to come. Even though there are environmental concern because of coal usage, there is no shortage of demand. In fact, since coal india was the only player for coal production, government was compelled to import coal since coal india alone was not able to fulfil demand. Panic sales due to opening up of coal sector does not seem logical, this will actually improve the performance of the company in the long run. What do you think ?
Jai Hind.
Links not part of this Blog
https://sharemarketwithgujjubhai.blogspot.com/2021/01/high-dividend-paying-stocks-in-india-rec.html
https://sharemarketwithgujjubhai.blogspot.com/2021/01/high-dividend-paying-stocks-in-india.html
https://sharemarketwithgujjubhai.blogspot.com/2021/01/high-dividend-paying-stocks-in-india-ioc.html
https://sharemarketwithgujjubhai.blogspot.com/2021/01/high-dividend-paying-stocks-in-india_5.html
https://sharemarketwithgujjubhai.blogspot.com/2021/01/list-of-highest-dividend-paying.html
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