![List of High Dividend Yield Stocks by HDFC Securities](https://rakesh-jhunjhunwala.in/wp-content/uploads/List-of-High-Dividend-Yield-Stocks-by-HDFC-Securities.jpg)
We present hereunder a table of companies (CNX 500 stocks) that offer dividend yield of 3.00% and above
In our Sobha (SDL) deep dive note ‘R’eset, ‘R’estart, ‘R’efocus = ‘R’erating, we had premised our investment thesis on a strong demand undercurrent in the Bengaluru market and SDL hitting the Reset-Restart button. Since then, the stock has more than trebled (3.4x), business development has taken a big leap, and the launch pipeline has fattened.
Varun Beverages Limited (VBL or the Company) is a significant entity in the beverage sector and one of the largest franchisees of PepsiCo globally (excluding the USA). VBL has partnered with PepsiCo since the 1990s and, over more than 25 years, has strengthened its business relationship with PepsiCo. The company has expanded its licensed territories and sub-territories, diversified the range of PepsiCo beverages produced and distributed, introduced various SKUs into its portfolio, and extended its distribution network
Once the toast of India’s infrastructure space, Hindustan Construction Company (HCC IN) saw its fortunes wither away post FY11 due to the policy paralysis and delayed decision-making by the government, which also dealt a serious blow to the construction industry. After a decade and a slew of measures, including debt restructuring, dispute settlement and non-core asset monetization, the company is ready to flex its muscles, as India bulks up on large infra opportunity. HCC’s 10-decadeold experience of executing in-house complex & marquee projects, 26% of hydro power capacity and 60% share of India’s civil nuclear power capacity positions it to capture on INR 1.5tn nuclear opportunity
We are positive on the sector due to the favourable industry dynamics in the near-to-medium term. A lower base, an extensive room addition pipeline, and better brand recognition will help narrow the valuation gap with its peers. However, we downgrade our FY26 EBITDA/EPS estimate by 16%/22% to account for near term margin pressure on front loading of operating cost and lower fixed cost absorption given the rapid scale up in room inventory and higher repair cost. We revise our TP to INR477 from INR535 earlier, valuing ROHL at 12x FY26E EV/EBITDA. Maintain ‘BUY’
Management notes that occupancy and room rates seen in FY24 point to RevPAR growth likely staying healthy in FY25 too. With industry forecasts suggesting double-digit demand CAGR over FY24–28E vs. supply CAGR of 7– 8%, IHCL feels that ARR trajectory is northbound in the medium term. Hence, it remains confident of double-digit consol. revenue growth in FY25 with new businesses expected to grow >30% YoY alongside asset management driving profitability via a mix of premiumisation of offerings and optimisation of costs
EvoLve theme by Theme4Press • Powered by WordPress & Rakesh Jhunjhunwala Rakesh Jhunjhunwala
Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala
Recent Comments