January 13, 2025
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Stock Market

3 High dividend yield stocks trading at 52-Week low to keep on your radar

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Stock Market

3 High dividend yield stocks trading at 52-Week low to keep on your radar

High dividend-yield stocks provide investors with a steady income by distributing a significant portion of earnings as dividends. When these stocks trade near their 52-week lows, it can signal potential buying opportunities. Notable examples include Indian Oil Corporation Limited, Coal India Limited, and Chennai Petroleum Corporation Limited, which are currently offering attractive yields despite their recent price declines and trading near a 52-week low.

Here are some high dividend-yield stocks that are trading nearly to its 52-week low:

1. Indian Oil Corporation Limited

With a market capitalization of Rs. 1,72,279.11 crores, the shares of Indian Oil Corporation Limited were closed at Rs. 122 per equity share, down nearly around 4.67 percent from its previous day’s close price of Rs. 130.35. The company is currently trading 0.61 percent above its 52-week low of Rs. 121.25.

Indian Oil Corporation Limited is paid a dividend yield of 8.98 percent. The company ROE and ROCE should be 9.67 percent and 9.23 percent, respectively.

Indian Oil Corporation Limited’s revenue has decreased from Rs. 179,246 crore in Q2 FY24 to Rs. 174,976 crore in Q2 FY25, which is down by 2.38 percent. The net profit of Indian Oil Corporation Limited has turned negative, from Rs. 13,713 crore in Q2 FY24 to Rs. -449 crore in Q2 FY25.

Indian Oil Corporation Limited (IOCL) was established in 1964 and headquartered in New Delhi. The company is India’s largest integrated oil and gas company and operates across the entire hydrocarbon value chain, including refining, pipeline transportation, and marketing of petroleum products, while also investing in renewable energy solutions.

2. Coal India Limited

With a market capitalization of Rs. 2,23,614.60 crores, the shares of Coal India Limited closed at Rs. 362.85 per equity share, down nearly around 1.56 percent from its previous day’s close price of Rs. 368.60. The company is currently trading at 0.42 percent above its 52-week low of Rs. 361.30.

Coal India Limited is paid a dividend yield of 6.92 percent. The company ROE and ROCE should be 37.49 percent and 41.78 percent, respectively.

Coal India Limited’s revenue has decreased from Rs. 32,776 crore in Q2 FY24 to Rs. 30,673 crore in Q2 FY25, which is down by 6.42 percent. The net profit of Coal India Limited has grown by 22.04 percent from Rs. 8,049 crore in Q2 FY24 to Rs. 6,275 crore in Q2 FY25.

Coal India Limited (CIL) was founded in 1975 and headquartered in Kolkata. The company is the world’s largest coal producer. Operating across eight Indian states, it manages 322 mines and contributes approximately 85% of India’s total coal output, ensuring energy security.