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 - Hindustan Zinc
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Hindustan Zinc Limited (HZL) is an Indian mining company which deals in zinc, lead, silver and cadmium. It is a subsidiary of Vedanta Limited.Hindustan Zinc is the world's second largest zinc producer. This company has performed really well even during this tough covid times which is evident in following quarterly results.
Company has registered continuos growth in revenue and netprofit despite adverse global business scenario which is really good. Last year's EPS was 16.11 & this year also it is 7.81 in 2 quarters and should match last year's figure. Operating profit margin has consistenly remained above 55 % & Net profit margin has remained around 35 %.
PE ratio is still reasonable at 16.48 even during this decade's best bull run which is currently going on. Most important figures here is 6.43% dividend yield. This is the lowest dividend and usually it is significantly higher than this. Government of India is the second largest share holder in this company after Vedanta and like any other profit making PSU company, this too pays good dividend which is expected by Goverment. Only 1.82 % is avaialble with General public. This also can be a reason for good future valuation prospect.
Following is the dividend history of this stock which shows how well this company has rewarded its shareholders.
As shown above, this price is well below of highest levels of 2018 and is likely to regain it soon. Do you research before investing.
Thank you.
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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