Keep these companies on high dividend paying dividends | Share Market Tips

Keep these companies on high dividend paying dividends

Share Market Tips | Free Intraday Tips

The stock market has remained a period of decline. Experts are anticipating the pressure on the market for a few days now. Experts believe that many stocks are still at higher valuation, in such a situation, the pace of acceleration in those stocks has stopped now. Sensex-Nifty is giving negative returns for the last one month. In such a situation, those stocks in the pressure market are also scared of decline. Experts say that when correction is going on in the market, the best way to change the portfolio is to keep an eye on the stocks of companies in which high dividend yield is available. Due to giving dividends, the fundamentals of these companies are strengthened. 

Share Market Tips

Focus
Fortune Fiscal director Jagdish Thakkar says that if a company pays for a dividend consistently, then its business is generating enough cash. It also expects the price aprasion in the stock. In such cases, if the fundamentals of the companies are good, then they can be invested. Regular dividend returns are given in two ways in companies. He says that such stocks should focus on, with good estimates of dividend records. According to Thakkar, such companies should create long-term strategy. 

Advice on which stocks

Coal India

Current Price:

The track record has been better in giving dividend of 278 rupees to Coal India. In the last 3 financial years, the company has given dividend yield at the rate of 7.3% average. The company has 84 per cent market share in coal mining and production in the country. The company is completing its target in production. At the same time, till the financial year 2020, the company wants to increase its production to 908 million tonnes. Right now, the valuation of the stock is good. Broking firm MK Global has set a target of Rs 359 for the stock. 

Vedanta Limited 

Current Price: Rs 309

Vedanta Limited is a company of Metals and Mining Sectors, whose operation is in Zinc, Lead, Silver, Oil & Gas, Iron Ore, Copper, Aluminum and Commercial Power. The company has strong portfolio in high quality base metal and oil and gas. The company is also expected to get the benefit of higher prices of oil and zinc. The company's zinc business is strong. The company is increasing its capacities. For the last 3 years, the track record has been better for the company giving Thuuvindand and the company has given a dividend yield at an average of 4.4 per cent. Brokerage house Motilal Oswal has given the target of Rs 416 in the share. Sandeep Jain, Research Head of Trade Swift has also advised to invest with the goal of 400. 

NMDC
Current Price: Rs 125

NMDC's track record of giving dividend has been better. In the last 5 years, average average 5.4 percent dividend yield has been received. Experts believe that the company is continuously generating cash, which allows the dividend yield to remain high. For the financial year 2017, the company has given dividend of Rs 5.2 per share. Brokerage house idelvis has set a target of Rs. 195 for the stock. Antic Stock Broking has set a target of Rs 186 for the stock. 

NTPC
Current Price: Rs 165  

NTPC Limited is a public sector company which is engaged in Electricity Generation and Allied Activities Equities. The company's balance sheet is better and there is no shortage of cash. Nearly 16 per cent of the company's total capacity in thermal power is in the capacities. In the last 5 years, the company has been giving dividend yield at an average of 2.5 per cent. Brokerage house Reliance Securities has increased the target in the stock to 213. At the same time, brokerage house Motilal Oswal has also set a target of Rs 210. 

Sonata Software 

Current Price: Rs 310 

Sonata Software is the Global IT Services and Solution Provider Company, Travel, Retail and Distribution and Software Companies. The company's business model is better and the track record for giving dividends is better. The company's balance sheet is good and the company is growing in the international IT service business. At the same time, the stock's valuation is also retractable. The company's track record has been better in giving dividend. Brokerage house ICICI Securities has advised to invest in the stock.

Read also:-  Live Commodity Tips for Today's Market