Selection criteria – Market cap should be more than 500 Cr, Dividend yield should be more than 3%, the company should be profit making for past 3 years, Five year average ROE should be more than 9, Special Dividend (one off) are not taken into consideration, while consistent Special Dividend are considered, Consistent dividend paying track record
DCX Systems is a company engaged in the system integration of electronic systems and subsystems, along with allied products such as Printed Circuit Board Assemblies (PCBAs) and cable & wire harnessing. It was incorporated in 2011-12 and went public on 9th November 2022, raising ₹400 crore through an Initial Public Offering (IPO). DCX Systems’ products are primarily used in the defence and aerospace sectors, catering to the high standards of precision engineering required in these industries
We have arrived at our TP using the blended average of FY27 and FY28 earnings and a 20% discount to its three-year forward peer multiples. We used a one-year forward multiple and discounted it at WACC for three years to arrive at our target multiple. As OBSCP has no direct peer in the listed auto space, we have used Happy Forgings and Bharat Forge to arrive at our target multiple.
Dolly Khanna’s latest stock pick is Indian Metals & Ferro Alloys. In the December 2024 quarter, she is seen holding 6,23,464 shares constituting 1.16% in her portfolio. The investment is worth ₹56 Cr at the CMP of ₹901
50 High Dividend Yield Stocks as of 2nd January 2025
On the domestic front, the market will closely monitor developments towards the upcoming budget and the rate cut trajectory in the Indian market. We anticipate one to two rate cuts from the RBI in 2025, contingent upon inflation trends and the broader growth dynamics. These events are expected to keep the Indian equity market volatile, and it could respond in either direction based on the developments.
Given the attractive growth potential for domestic tourism industry and strong company financials, ITC Hotels has a long runway to capture the growth opportunities in the tourism industry. Investors can participate in the growth story of ITC’s hotel business by purchasing a minimum of 10 ITC shares on or before 03rd January, 2025. The average EV/EBITDA multiple of its industry peers (Indian Hotels & EIH Ltd) is 25.0x. Assuming that ITC Hotels will list at an EV/EBITDA multiple of 20.0x-30.0x, the share price of ITC Hotels Ltd is expected to list in the range of Rs 113 to Rs 170 per share
Our fair value for Nifty is pegged at 28,300 wherein we have valued the index at 21x PE on FY27E. Our Sensex target is pegged at 94,300. We see healthy double-digit upside in boarder markets in CY25
Lumax Auto Technologies Ltd (LATL) is one of India’s leading auto component manufacturers specialising in components such as head and tail lamps, air intake systems, plastic tanks, door panels, switches, sensors, actuators, antennas, gear shifter, two-wheeler frames, seating structures, swing arms and other aftermarket products
We continue to believe in the long-term growth story of the Indian equity market. However, with current valuations offering limited scope for further expansion, an increase in corporate earnings will be the primary driver of the market returns moving forward. Hence, bottom-up stock picking with a focus on ‘Growth at a Reasonable Price’ and ‘Quality’ would be keys to generating satisfactory returns in the next one year. We also suggest a “Buy on Dips” strategy in the stocks listed below with an investment horizon of over 12 months
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