Mar 27 2024, 08:44

NCLT admits insolvency resolution plea against erstwhile promoter of DHFL Dheeraj Wadhawan:


The National Company Law Tribunal (NCLT) in Mumbai has accepted Union Bank of India's plea to commence insolvency proceedings against Dheeraj Wadhawan, the former promoter of Dewan Housing Finance Ltd (DHFL), due to the company's default of Rs 3,958 crore, for which Wadhawan provided a personal guarantee. Devendra Mehta has been appointed as the resolution professional (RP) to assess lenders' claims and Wadhawan's personal assets.

The National Company Law Tribunal (NCLT) in Mumbai has admitted Union Bank of India's application to initiate insolvency resolution against Dheeraj Wadhawan, erstwhile promoter of Dewan Housing Finance Ltd (DHFL) for the default of Rs 3,958 crore by the company, where he had provided a personal guarantee.

The tribunal has also appointed Devendra Mehta as the resolution professional (RP) to ascertain the claims of lenders and personal assets of Wadhawan.

DHFL had availed various term loan facilities to over Rs 4,000 crores and working capital facilities to Rs 450 crores, from the financial creditor. Wadhawan had provided unconditional and irrevocable guarantees towards the credit facilities granted by the public sector lender to the DHFL.

On November 20, 2019, the RBI superseded the board of DHFL and appointed R Subramaniakumar as the company administrator.

Subsequently, in September 2021, Piramal Capital acquired DHFL for the consideration of Rs 34,250 crore and merged following a resolution under the IBC.

Before the tribunal's order, the lender had argued that, as per the facility agreement with DHFL, as the company defaulted on payment, the bank had issued an invocation cum demand notice to the personal guarantor to pay the outstanding of Rs 3,958 crore on August 31, 2020. As Wadhawan, being a personal guarantor did not reply to date to the demand notice, the bank had initiated this proceeding against him.

While countering this, Dheeraj Wadhawan, through his counsel argued that the demand notice, as mandated under the Insolvency & Bankruptcy Code (IBC), has not been served upon him to date.

source:et 

Mar 27 2024, 08:41

Microsoft completed the acquisition of professional social network LinkedIn for $26.2 billion:

Before 8 years, Microsoft completed its acquisition of professional social network LinkedIn for $26.2 billion, marking a major deal in the technology and social networking fields. This acquisition not only provides Microsoft with a solid foothold in the social networking field, but also significantly enhances Microsoft's competitiveness in the cloud computing, artificial intelligence and enterprise services markets by integrating LinkedIn's extensive data and services. For LinkedIn, joining Microsoft's camp not only brings more technical resources and business opportunities, but also promotes the rapid growth of its user base and service scope, thus bringing significant long-term benefits and market influence to both parties. 

 This makes block trading an efficient way for institutional investors, who may need to handle large amounts of funds and securities.

 It should be noted that block trading is not available to all investors. Typically, block trades are only open to specific institutional investors or investors who meet certain conditions. This is to ensure smooth transactions and protect market fairness.

 Block trading plays an important role in capital markets, providing institutional investors with a flexible trading method that allows them to meet specific investment needs and strategies.
At the same time, block trades can also have a certain impact on the market, especially in terms of the price and liquidity of the stocks or securities involved.

 For example, assuming the market capitalization of a stock is 1 billion rupees, then usually the float market capitalization of this stock is about 100-200 million rupees. When a listed company or a large stock holder wants to sell a part of its stock, but is worried that simultaneous trading of a large number of stocks will cause abnormal fluctuations in the secondary market, it will choose to conduct block transactions.

The Companies often buy and sell shares in block trades as part of their capital operations, such as equity financing or share buybacks.

An important characteristic of block trades is the large size of the transaction. It involves a larger number of shares or securities, which may be several times or even more than an ordinary transaction.
Therefore, there is room for a premium when trading. This premium space is usually between 5% and 20%, and is determined by negotiation between the parties to the transaction.


 Block trading is an important phenomenon in the financial market. It involves a large amount of funds and securities and has a profound impact on market operations and investor behavior.
Institutional traders do have many significant advantages over individual investors. Because they control a huge amount of funds and a unified trading strategy.

source:analysts 

Mar 27 2024, 08:38

Kalyani family feud deepens;Hiremath siblings move court for share in HUF assets:

The ties between the Hiremaths and Baba Kalyani broke down over control of Kalyani Group company Hikal. The Hiremaths moved the Bombay HC in 2023 alleging that Kalyani wasn't honouring a family arrangement he had reached with his father that pledged to transfer all the Hikal shares to them. Baba Kalyani said the family arrangement of 1994 was just a "note" by his father Neelkanth Kalyani and not a legally binding document. The case is pending in court.

A new front has opened in the row between Bharat Forge chairman Baba Kalyani and his sister Sugandha. Sameer and Pallavi, children of Sugandha and Jai Hiremath, have filed suit in a Pune court seeking partition of the Kalyani family assets to claim their share of the Kalyani Hindu Undivided Family (HUF) assets, which includes Bharat Forge as well as listed and privately held companies.

The ties between the Hiremaths and Baba Kalyani broke down over control of Kalyani Group company Hikal. The Hiremaths moved the Bombay High Court in 2023 alleging that Kalyani wasn't honouring a family arrangement he had reached with his father that pledged to transfer all the Hikal shares to them. Baba Kalyani said the family arrangement of 1994 was just a "note" by his father Neelkanth Kalyani and not a legally binding document. The case is pending in court.

A Kalyani Group spokesperson said it's not been served with any suit.

Sameer and Pallavi Hiremath said in their submission, that Baba Kalyani has been enjoying sole benefit of the HUF's assets and hasn't shared information about them with the rest of the family. They said the Kalyani family assets were created due to the efforts of great-grandfather Annappa N Kalyani (ANK), a successful businessman and agriculturist. The Kalyani Group comprises eight listed companies with a combined market capitalisation of ₹69,300 crore. Bharat Forge dominates with a valuation of ₹52,600 crore, with the Kalyani Group having a 45.25% stake in it. Hikal's market value at the end of Tuesday trade was ₹3,324 crore.

The suit stated that Annappa Kalyani invested family funds in various businesses. These were in the form of companies, proprietary concerns or partnership firms, adding that Neelkanth Kalyani actively participated in the family businesses.

The siblings have asserted their right by stating that they are coparceners in the Kalyani Family HUF by virtue of the 2005 Amendment to Section 6 of the Hindu Succession Act, 1956. Accordingly, they are within their rights to seek a partition of the Kalyani Family HUF in their own respective rights as coparceners of the Kalyani Family HUF.

source: et 

Mar 26 2024, 11:19

शीर्ष निफ्टी50 स्टॉक विश्लेषक इस सप्ताह खरीदने का सुझाव देते हैं:

रिफाइनिटिव, एक व्यापक शोध रिपोर्ट है जो 4,000 से अधिक सूचीबद्ध स्टॉक के पांच प्रमुख घटकों - आय, बुनियादी बातों, सापेक्ष मूल्यांकन, जोखिम और मूल्य गति का मूल्यांकन करती है ताकि मानकीकृत स्कोर उत्पन्न किया जा सके। उपर्युक्त पांच घटक रेटिंग का सरल औसत सामान्य रूप से औसत स्कोर पर पहुंचने के लिए वितरित किया जाता है।

हेडलाइन इंडेक्स निफ्टी50 में स्टॉक की निम्नलिखित सूची को 25 मार्च, 2024 की नवीनतम स्टॉक रिपोर्ट प्लस में "मजबूत खरीद/खरीद" अनुशंसा दी गई थी। आपको कार्रवाई योग्य जानकारी प्रदान करने के लिए संस्थागत ब्रोकर्स एस्टीमेट सिस्टम (IBES) का उपयोग करके विश्लेषकों की सिफारिशें प्रदान की जाती हैं। आप इंडेक्स में प्रत्येक स्टॉक को खरीदने/बेचने/रखने की अनुशंसा देने वाले विश्लेषकों की गिनती का विभाजन भी देख सकते हैं।

उपर्युक्त पांच घटक रेटिंग का सरल औसत सामान्य रूप से औसत स्कोर तक पहुंचने के लिए वितरित किया जाता है।  प्रत्येक स्टॉक को 1 से 10 के पैमाने पर रैंक किया गया है। 8 से 10 का स्कोर सकारात्मक माना जाता है, 4 से 7 तटस्थ और 1 से 3 को नकारात्मक दृष्टिकोण दिया जाता है। स्कोर के अलावा, रिपोर्ट में ट्रेंड विश्लेषण, सहकर्मी विश्लेषण और औसत विश्लेषकों की सिफारिशें भी शामिल हैं। हमने इस रिपोर्ट के लिए कुल मिलाकर सकारात्मक दृष्टिकोण वाले स्टॉक को फ़िल्टर किया है, यानी 8-10 का औसत स्कोर।  'मजबूत खरीद/खरीद' अनुशंसाओं और 8 से 10 के बीच औसत स्कोर वाले निफ्टी50 शेयरों की सूची

निफ्टी 50 - सप्ताह के लिए शीर्ष चयन

मार्च 25, 2024

तालिका में खोजें

कंपनी का नाम

औसत स्कोर

विश्लेषकों की औसत अनुशंसा

मजबूत खरीद/खरीद गिनती

होल्ड गिनती

कम/बेच गिनती

आईसीआईसीआई बैंक

10

मजबूत खरीद

36

3

0

अडानी पोर्ट्स एसईजेड

9

मजबूत खरीद

17

1

0

एक्सिस बैंक

10

खरीदें

36

3

0

ONGC

10

खरीदें

15

5

5

कोल इंडिया

10

खरीदें

13

3

2

मारुति  सुजुकी

10

खरीदें

28

6

3

एसबीआई

10

खरीदें

31

6

3

टाटा मोटर्स

10

खरीदें

20

5

4

हीरो मोटोकॉर्प

10

खरीदें

21

6

8

भारती एयरटेल

9

खरीदें

17

7

1

अल्ट्राटेक

9

खरीदें

28

4

2

इंडसइंड बैंक

9

खरीदें

36

4

1

महिंद्रा एंड महिंद्रा

9

खरीदें

33

3

0

लार्सन एंड टूब्रो

9

खरीदें

26

2

2

सिप्ला

9

खरीदें

21

5

6

रवि  फार्मा

8

खरीदें

26

5

1

कोटक महिंद्रा बैंक

8

खरीदें

19

14

3

एनटीपीसी

8

खरीदें

18

0

3

रिलायंस इंडस्ट्रीज़

8

खरीदें

22

4

2

आईटीसी

8

खरीदें

33

3

0

हिंडाल्को इंडस्ट्रीज़

8

खरीदें

19

1

2

source:et 

Mar 26 2024, 11:14

लाभांश प्रतिफल निष्क्रिय आय से अधिक है: 4.14- 5.67% प्रतिफल वाले 6 पीएसयू स्टॉक:

स्टॉक मूल्य और लाभांश प्रतिफल में विपरीत संबंध होता है, लेकिन इस विपरीत संबंध के शुरू होने से पहले संतुलन का एक स्तर होता है। अब संतुलन का यह स्तर एक व्यक्तिपरक स्तर है जो जोखिम मुक्त ब्याज दर स्तर के अनुसार चलता है जो एफडी प्रदान करता है। लेकिन एक और संतुलन स्तर है जिसे गणितीय समीकरण हल नहीं कर सकते। मंदी के बाजार में बेहतर प्रदर्शन करने की उचित संभावना वाले स्टॉक। उचित शब्द का उपयोग व्यक्तिपरकता के तत्व को लाता है।

पीएसयू स्टॉक ने अपने उच्च लाभांश प्रतिफल के लिए ध्यान आकर्षित किया, जिसे कम मूल्यांकित अवसरों और शेयरधारकों को लाभ वापस करने की प्रतिबद्धता के संकेतक के रूप में देखा गया। हालांकि, बाद में बाजार में तेजी ने पूंजीगत लाभ की ओर ध्यान केंद्रित किया क्योंकि पीएसयू स्टॉक की कीमतों में उछाल आया, जिससे उनके लाभांश प्रतिफल में कमी आई। इसके बावजूद, उच्च लाभांश प्रतिफल एक सुरक्षा जाल के रूप में काम करना जारी रखते हैं, जो निवेशकों के लिए सुरक्षा का मार्जिन प्रदान करते हैं, खासकर जब बाजार का मूल्यांकन बढ़ता है और पूंजीगत लाभ की संभावनाएं नियमित आय धाराओं को प्रभावित करती हैं।  अब यह लाभांश प्रतिफल अपने आप में एक संकेतक है जिसका उपयोग यह पता लगाने के लिए किया जा सकता है कि क्या किसी को सुधार के समय घबराकर स्टॉक बेचना चाहिए या नहीं। जब बाजार में सुधार होता है, और इन शेयरों की लाभांश प्रतिफल कुछ स्तरों, जैसे कि 7% से अधिक हो जाती है, तो वे फिर से आकर्षक हो जाते हैं, खासकर संस्थागत निवेशकों के बीच जो वृद्धि पर आय को प्राथमिकता देते हैं। यह फिर से जागृत रुचि स्टॉक की कीमतों को स्थिर कर सकती है, जो निवेश रणनीतियों में दोहरे उद्देश्य वाले उपकरण के रूप में लाभांश प्रतिफल के महत्व को रेखांकित करती है जो लगातार आय प्रदान करती है और बाजार की अस्थिरता के खिलाफ एक बफर के रूप में कार्य करती है, एक ऐसा पहलू जिसे अधिकांश निवेशक अनदेखा करते हैं।

प्रत्येक स्टॉक को 1 से 10 के पैमाने पर रैंक किया गया है। 8 से 10 का स्कोर सकारात्मक माना जाता है, 4 से 7 तटस्थ और 1 से 3 को नकारात्मक दृष्टिकोण दिया जाता है। इस लेख के उद्देश्य के लिए, हमने केवल उन NSE स्टॉक पर विचार किया है जिनके पास विवेकपूर्ण विश्लेषकों के समुदाय द्वारा तटस्थ से सकारात्मक दृष्टिकोण है। इन अंकों के अलावा, रिपोर्ट में निवेशक को बेहतर और सूचित निवेश निर्णय लेने में मदद करने के लिए प्रवृत्ति विश्लेषण, सहकर्मी विश्लेषण और औसत विश्लेषकों की सिफारिशें भी शामिल हैं।  नीचे 24 मार्च, 2024 की स्टॉक रिपोर्ट प्लस से चयनित स्टॉक की सूची दी गई है, जिसमें न्यूनतम औसत स्टॉक रिपोर्ट प्लस स्कोर 6 और न्यूनतम लाभांश उपज 4% है।

लाभांश उपज स्टॉक

24 मार्च, 2024

कंपनी का नाम

नवीनतम औसत स्कोर

रेको

विश्लेषक गणना

* अपसाइड संभावित %

लाभांश उपज %

3M रिटर्न %

1Y रिटर्न %

इंस्ट स्टेक %

मार्केट कैप टाइप

मार्केट कैप रु. सी

कोल इंडिया

9

खरीदें

22

29.9

5.67

21.5

99.1

26.1

बड़ा

265,798

बाल्मर लॉरी  निवेश

10

5.58

26.0

66.2

0.1

छोटा

1,332

गेल

7

होल्ड

31

28.5

4.57

24.4

66.6

24.5

बड़ा

114,374

पावर ग्रिड कॉर्प

7

होल्ड

18

16.9

4.41

17.8

63.6

33.6

बड़ा

256,418

पीटीसी इंडिया

6

खरीदें

2

23.8

4.31

-0.4

103.1

31.7

मध्यम

5,460

एनएमडीसी  लिमिटेड

10

होल्ड

18

34.7

4.14

7.3

86.6

18.5

बड़ा

59,696

विश्लेषकों द्वारा दिए गए उच्चतम मूल्य लक्ष्य से गणना की गई

source:et 

Mar 26 2024, 11:11

स्टॉक रडार: SRF साप्ताहिक चार्ट पर नीचे की ओर झुकी हुई ट्रेंडलाइन से ऊपर निकल गया; खरीदने का समय आ गया है?

SRF Ltd ने नीचे की ओर झुकी हुई ट्रेंडलाइन प्रतिरोध को तोड़ दिया, सितंबर 2022 में रिकॉर्ड ऊंचाई पर पहुंच गया। मूल्य कार्रवाई के संदर्भ में, स्टॉक को एक सप्ताह में 4% से अधिक बढ़ने से पहले 2000 के स्तर से ऊपर समर्थन मिला। स्टॉक अब दैनिक चार्ट पर 5,10,30,50,100 और 200-DMA जैसे अधिकांश महत्वपूर्ण अल्पकालिक और दीर्घकालिक मूविंग एवरेज से ऊपर कारोबार कर रहा है। अल्पकालिक व्यापारियों को 2900 के लक्ष्य के लिए खरीदने की सलाह दी जाती है।

स्पेशलिटी केमिकल स्पेस का हिस्सा SRF Ltd पिछले 12-15 महीनों से रेंज-बाउंड बना हुआ है, लेकिन यह साप्ताहिक चार्ट पर नीचे की ओर झुकी हुई ट्रेंडलाइन प्रतिरोध को तोड़ने में कामयाब रहा।

विशेषज्ञों का सुझाव है कि अल्पकालिक व्यापारी अगले 2 महीनों में 2900 के संभावित लक्ष्य के लिए अभी स्टॉक खरीदने पर विचार कर सकते हैं।

 सितंबर 2022 में स्पेशलिटी केमिकल स्टॉक ने 2800 के स्तर से ऊपर रिकॉर्ड ऊंचाई को छुआ, लेकिन यह गति को बनाए रखने में विफल रहा। तब से इसमें मूल्य-वार सुधार देखा गया है।

स्टॉक को जुलाई 2023 में एक बार 2000 के स्तर से ऊपर और फिर अक्टूबर 2023 में साप्ताहिक चार्ट पर वापस उछाल से पहले समर्थन मिला।

स्टॉक में एक सप्ताह में 4% से अधिक की वृद्धि हुई, जिससे स्टॉक को सितंबर 2022, मई 2023 और दिसंबर 2023 के उच्च स्तरों को जोड़ने वाली नीचे की ओर झुकी हुई ट्रेंडलाइन से बाहर निकलने में मदद मिली।

एसएमसी ग्लोबल सिक्योरिटीज के वरिष्ठ तकनीकी विश्लेषक शितिज गांधी ने कहा, "पिछले 15 महीनों में एसआरएफ स्टॉक की ऐतिहासिक चाल 2600-2200 क्षेत्रों की व्यापक सीमा के भीतर समेकन का संकेत देती है। हालांकि, अल्पकालिक चार्ट पर, स्टॉक को लगातार 2200-2300 क्षेत्र के आसपास समर्थन मिला है।"  उन्होंने कहा, "दीर्घावधि के नीचे की ओर झुके चैनल के ऊपर एक उल्लेखनीय ब्रेकआउट है, साथ ही समेकन चरण से ब्रेकआउट भी है, जो वॉल्यूम गतिविधि में अचानक वृद्धि द्वारा चिह्नित है।"

source:et 

Mar 26 2024, 10:43

BAT sells 3.5% stake in ITC. Will the block deal fuel FMCG major's stock?

Owing to the BAT stake sale news, ITC was up recently on intraday basis by 4.5% when broader markets were bleeding. In the past three months, the stock has underperformed the Nifty. But investors are now optimistic and feel ITC should perform well as its revenue is getting diversified, while the dependency on cigarettes has reduced.

British American Tobacco (BAT), the dominant shareholder in ITC, has sold 3.5% of its stake in the company through bulk and block deals for an average price of INR400. The stock currently trades at INR420 levels.

BAT previously held 29% stake in ITC and the recent sell-off has pushed down the shareholding to 25.5%. Owing to the stake sale the stock was recently up on intraday basis by 4.5% when the broader markets were bleeding with Nifty 50 being down 1.5%. On a year-to- day period (past three months) when Nifty 50 was up 1.5%, ITC was down 10%. The recent news of stock sale by BAT moved up the stock. Even on a yearly basis the Nifty 50 is up 30% while ITC was down by 10%.

But now investors are optimistic and feel the company should outperform the broader market as its revenue is getting diversified and is not so much dependent on cigarettes.

"We expect resumption in the stock's outperformance given our fundamental view of a moderate and infrequent cigarette tax environment and continued scale of non-cigarette businesses, important catalysts for the stock's re-rating." stated the Morgan Stanley research.

Over the past 10 years, the company has seen its ROCE fall from 52% to a low of 32% in FY20. It started to rise after 2021, when some of the non-cigarette businesses started to show profitability. For FY23, the ROCE was at 39%. The company's stock price went up by 74% between 2021 and 2023.

"These are changing times for ITC. However, it will take a long time for all its business verticals to play out. It is for the patient investor. Until then the hefty dividends are more than enough for investors such as ourselves," says VP Rajesh, managing partner at Banyan Capital.

Globally, tobacco stocks are down in the last one year, except ITC. So, it came in as a bit of surprise when BAT announced a stake sale in ITC to buy back its own shares.

Altria Group, BAT, and Phillip Morris, all were down in the last one year between 1% and 22%, whereas ITC was up 10% during the same period. BAT was down the highest at 21%.


source:et 

Mar 26 2024, 10:40

Stock picks: 5 stocks with consistent score improvement, upside potential up to 44%:

Indian markets will open for trade when the global markets have been in a positive mood. Now it is not every day that one should correlate what has happened in global markets and how the Indian markets have behaved. But at times, these correlations become important because they are able to shed some light on what might happen in near term. In the last few days, the Indian market has been charting its own volatile course with bearish bias even when global markets have been inching higher. But that was probably due to India specific, like advisory on small cap and mid cap funds. But now with a spike in oil prices, does it mean some macro headwinds to which the market is adjusting the prices. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

While it is always better to focus on what is happening to the individual stocks, there times it becomes "a must" before taking any decision. The reason, there is a possibility of greater divergence in how the broader market indices like Nifty and Sensex move and how the individual stocks and sector perform. For example, if there is recovery in metal prices, the integrated metal producer might see an uptick in their margins, however their user industry will suffer shrinking margins.

As an investor, be careful in making a distinction between narrative and real change in the working of a company.

Top Picks of the week

Mar 25, 2024

Latest Stock Score

Stock Score 1W ago

Stock Score 1M ago

Company Name

Reco

Analyst Count

 Upside Potential (%)

Inst Stake (%)

Market Cap Type

Market Cap Rs Cr

CG

Consumer Electricals

6

5

4

Buy

37

44.8

72.9

Mid

17,284

IDFC First Bank

9

8

7

Buy

17

37.1

20.0

Large

55,188

Varroc Engineering

8

7

6

Hold

6

36.8

15.6

Mid

7,822

Edelweiss Financial Services

10

9

8

24.9

Mid

6,101

Reliance Industrial Infrastructure

7

6

5

0.9

Small

1,886

Calculated from highest price target given by analysts


source:et 

Mar 26 2024, 10:38

Top Nifty50 stocks analysts suggest buying this week:

Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above- mentioned five component ratings is normally distributed to arrive at an average score.

The following list of stocks in the headline index Nifty50 were given a "Strong Buy/Buy" recommendation in the latest Stock Reports Plus report dated March 25, 2024. Analysts' recommendations are provided using Institutional Brokers' Estimate System (IBES) to provide you actionable insights. You can also check the breakdown of the count of analysts' giving buy/sell/hold recommendations to each stock in the index.

 Simple average of the above-mentioned five component ratings is normally distributed to reach an average score. Each stock is ranked on a scale of 1 to 10. A score of 8 to 10 is considered positive, 4 to 7 is neutral and 1 to 3 is given a negative outlook. In addition to scores, the report also contains trend analysis, peer analysis and mean analysts'
recommendations. We have filtered stocks with an overall positive outlook i.e. an average score of 8-10 for this report.

List of Nifty50 stocks with 'Strong Buy/Buy' recommendations and an average score of between 8 and 10

Nifty 50 - Top picks for the week

Mar 25, 2024

Search in table

Company Name

Average Score

Analysts' Mean Recommendation

Strong Buy / Buy Count

Hold Count

Reduce / Sell Count

ICICI Bank

10

Strong Buy

36

3

0

Adani Ports SEZ

9

Strong Buy

17

1

0

Axis Bank

10

Buy

36

3

0

ONGC

10

Buy

15

5

5

Coal India

10

Buy

13

3

2

Maruti Suzuki

10

Buy

28

6

3

SBI

10

Buy

31

6

3

Tata Motors

10

Buy

20

5

4

Hero MotoCorp

10

Buy

21

6

8

Bharti Airtel

9

Buy

17

7

1

UltraTech

9

Buy

28

4

2

Indusind Bank

9

Buy

36

4

1

Mahindra & Mahindra

9

Buy

33

3

0

Larsen & Toubro

9

Buy

26

2

2

Cipla

9

Buy

21

5

6

Sun Pharma

8

Buy

26

5

1

Kotak Mahindra Bank

8

Buy

19

14

3

NTPC

8

Buy

18

0

3

Reliance Ind

8

Buy

22

4

2

ITC

8

Buy

33

3

0

Hindalco Ind

8

Buy

19

1

2

source:et 

Mar 26 2024, 10:35

Dividend yield is more than passive income:6 PSU stocks with 4.14- 5.67% yield:

Stock price and dividend yields have an inverse relationship but before this inverse relationship kicks in there is a level of equilibrium. Now this level of equilibrium is a subjective level which moves according to risk free interest rate level which FD provides. But there is another equilibrium level which mathematical equations don't solve. Stocks with reasonable probability of outperforming in a bearish market. The use of the word reasonable brings in the element of subjectivity.

PSU stocks garnered attention for their high dividend yields, seen as indicators of undervalued opportunities and a commitment to returning profits to shareholders. 

Each stock is ranked on a scale of 1 to 10. A score of 8 to 10 is considered positive, 4 to 7 is neutral and 1 to 3 is given a negative outlook. For the purpose of this article, we have taken into consideration only those NSE stocks which have a neutral to positive outlook by the community of prudent analysts.In addition to these scores, the report also contains trend analysis, peer analysis and mean analysts' recommendations to help an investor make better & informed investment decisions. Below is the selected list of stocks from Stock report plus dated Mar 24, 2024, with a minimum average stock report plus score of 6 and a minimum dividend yield of 4%.

Dividend Yield stocks

Mar 24, 2024

Company Name

Latest Avg Score

Reco

Analyst Count

* Upside Potential %

Dividend Yield %

3M Returns %

1Y Returns %

Inst Stake %

Market Cap Type

Marke Cap Rs C

Coal India

9

Buy

22

29.9

5.67

21.5

99.1

26.1

Large

265,798

Balmer Lawrie Investments

10

5.58

26.0

66.2

0.1

Small

1,332

GAIL

7

Hold

31

28.5

4.57

24.4

66.6

24.5

Large

114,374

Power Grid Corp

7

Hold

18

16.9

4.41

17.8

63.6

33.6

Large

256,418

PTC India

6

Buy

2

23.8

4.31

-0.4

103.1

31.7

Mid

5,460

NMDC Ltd

10

Hold

18

34.7

4.14

7.3

86.6

18.5

Large

59,696

Calculated from highest price target given by analysts

source: et