Kotak points out that due to the high levels reached by the Sensex, the risk-reward ratio has turned unfavourable and that there is a risk of downside based on fundamentals.
Kotak has advised investors to adopt a measured approach and to invest in the stocks of companies that have declared dividends for FY12 and the record dates for which are coming up in the current month. Kotak points out that it has been seen in the past that utilizing these opportunities does give short term returns and timing these near to the ex-dates has proved more beneficial.
Dividend Yield Screening criteria:
Kotak has prepared a list of such stocks with details about their ex-dividend dates in September 2012, dividend yields, stock performance in the past one month and valuations based on historical earnings.
The dividend yield cut-off has been kept at 2.7% and stocks with market cap above Rs.1bn only have been selected.
|
Dividend Yield |
||||||||
|
Stock |
Share Price |
Dividend |
Dividend |
M Cap |
PE |
P/BV |
EV/ EBIDTA |
1M Stock Return |
|
|
(Rs) |
(%) |
Ex-date |
(Rs mns) |
(x) |
(x) |
(x) |
(%) |
|
S Kumars Nationwide Ltd. |
17.7 |
5.6 |
20-Sep-2012 |
5,264 |
3.0 |
0.3 |
4.0 |
(31.4) |
|
Rei Agro Ltd. |
9.9 |
5.0 |
24-Sep-2012 |
9,494 |
6.9 |
0.4 |
5.6 |
(13.4) |
|
Garware-Wall Ropes Ltd. |
50.5 |
5.0 |
20-Sep-2012 |
1,197 |
5.0 |
0.5 |
3.8 |
1.0 |
|
Andhra Sugars Ltd. |
152.5 |
4.6 |
14-Sep-2012 |
4,134 |
4.3 |
0.8 |
3.5 |
2.7 |
|
Balmer Lawrie & Company Ltd. |
618.5 |
4.5 |
10-Sep-2012 |
10,072 |
7.3 |
1.5 |
3.5 |
5.7 |
|
Tamil Nadu Newsprint & Papers Ltd. |
113.7 |
4.4 |
12-Sep-2012 |
7,866 |
7.3 |
0.8 |
5.0 |
(0.4) |
|
Repro India Ltd. |
227.8 |
4.4 |
13-Sep-2012 |
2,476 |
6.8 |
1.4 |
5.7 |
(1.0) |
|
Diamond Power Infrastructure Ltd |
91.2 |
4.4 |
17-Sep-2012 |
3,391 |
2.9 |
0.5 |
3.2 |
(1.8) |
|
TVS Srichakra Ltd. |
318.5 |
4.2 |
18-Sep-2012 |
2,439 |
8.3 |
1.7 |
4.3 |
(4.1) |
|
Munjal Auto Inds. Ltd. |
50.4 |
4.0 |
13-Sep-2012 |
2,520 |
5.5 |
1.8 |
4.6 |
(4.9) |
|
Jagran Prakashan Ltd. |
90.3 |
3.9 |
18-Sep-2012 |
28,543 |
15.4 |
3.5 |
10.2 |
(1.8) |
|
Nandan Exim Ltd. |
26.8 |
3.7 |
20-Sep-2012 |
1,221 |
6.1 |
0.7 |
4.2 |
8.3 |
|
KCP Sugar & Inds. Corpn. Ltd. |
18.8 |
3.7 |
18-Sep-2012 |
2,132 |
7.3 |
1.1 |
4.7 |
(4.3) |
|
Kothari Products Ltd. |
413.2 |
3.6 |
12-Sep-2012 |
2,740 |
7.4 |
0.4 |
– |
0.8 |
|
First Leasing Company of India Ltd. |
49.6 |
3.6 |
18-Sep-2012 |
1,130 |
3.6 |
0.3 |
6.0 |
3.3 |
|
Gujarat Industries Power Company Ltd. |
69.4 |
3.6 |
07-Sep-2012 |
10,497 |
8.0 |
0.7 |
4.8 |
5.9 |
|
PSL Ltd. |
55.8 |
3.6 |
20-Sep-2012 |
2,980 |
5.5 |
0.3 |
4.6 |
(4.0) |
|
ISMT Ltd. |
22.1 |
3.4 |
13-Sep-2012 |
3,230 |
NA |
0.6 |
6.4 |
(7.7) |
|
Kalpena Industries Ltd |
65.1 |
3.4 |
18-Sep-2012 |
1,224 |
5.0 |
0.6 |
4.7 |
14.6 |
|
Gayatri Projects Ltd. |
92.1 |
3.3 |
12-Sep-2012 |
2,206 |
5.9 |
0.6 |
4.9 |
(9.3) |
|
Marathon Nextgen Realty Ltd. |
128.4 |
3.1 |
17-Sep-2012 |
2,434 |
3.8 |
0.5 |
3.4 |
(8.8) |
|
Gujarat NRE Coke Ltd. |
16.3 |
3.1 |
17-Sep-2012 |
8,529 |
NA |
0.6 |
5.1 |
(9.7) |
|
Supreme Petrochem Ltd. |
50.2 |
2.8 |
25-Sep-2012 |
4,861 |
15.5 |
1.6 |
5.9 |
8.7 |
|
Orchid Chemicals & Pharmaceuticals Ltd. |
109.3 |
2.7 |
13-Sep-2012 |
7,697 |
NA |
0.7 |
4.5 |
(3.5) |
|
PTC India Ltd. |
54.8 |
2.7 |
12-Sep-2012 |
16,165 |
16.5 |
0.7 |
10.5 |
(7.0) |
Best High Dividend Stocks
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