HDFC Securities has prepared a list of top-quality companies which offer a dividend yield of up to 8.5%
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The list of stocks prepared by HDFC Securities includes blue-chip PSU companies like NMDC, Coal India, REC, ONGC etc and also private sector stocks like Infosys, IL&FS Transportation, Tata Chemcials etc
#Niveza #Review on : Stocks such as NMDC, Coal India and REC are PSU stocks and cash rich companies. The dividend yield at current stock prices is very attractive. Due to recent commodity price correction and less activity in mining has taken a toll on NMDC and Coal India stock prices.However at current prices NMDC and Coal India offering 7-8% of dividend yield. So for investors with time horizon of more than 2-3 years such stocks can be looked at with descent gains possible. Downside in these stocks is limited from current levels and once the overall activity improves in their industries they will recover, so for long term there is good chance of capital appreciation plus earning good dividends on every year.