Bluechip companies are said to be the mature firms in an industry that dictate the whole industry, Bluechip stocks are the Stars and cash cows of the stock market that are reliable, stable and profitable. They are typically large, well-established, and financially sound companies.
A Dividend yield percentage is caluclated by dividing the annual dividend per share by the current share price of a stock. The shares we are going to see commend a respectable position in the market and also provide their investors with a limpsum take back through dividends.
The Housing and Urban Development Corporation Limited is a financing company owned by the government of india that funds social housing, residential real estate, health centre, play grounds etc. They also finance certain private sector entities
It is a fundamentally strong share.and pays out at a dividend yield rate of 9.8%.
The shares are currently trading at Rs 36
NLC is short for and known formerly as Neyveli Lignite Corporation Limited.It is a mining company owned by the government of india. They produce over 31 million tonnes of Lignite. It was incorporated in 1956. It is a fundamentally strong share and pays out at a dividend yield rate of 13.9%.
The shares are currently trading at Rs 74.25
One of the most common stocks amongst retail investors, ITC is the leading FMCG in the country and is well known for its dividend paying capacity. It produces an array of varied consumer products from stationeries to hotel business.
It is a fundamentally strong share and pays out at a dividend yield rate of 4.9%.
The stock is currently trading at Rs 274 rs
4. PTC Ltd
PTC Ltd is a service organisation that was earlier known by the name power trading corporation. Incorporated in the year 1999. It is a service oriented organisation. They aid with power trading solutions, inter border energy Exchange and advisory services .Their Major vision is to engage a commercially vibrant power industry in India. PTC India’s subsidiary PTC India Financial Services Limited (PFS) provides total financing advisory solutions.
It pays out at a dividend yield rate of 9.15%
It is currently trading at around Rs 82.
5. HCL Technologies
HCL is an american global company that provides IT services and consulting. It was incorporated in the year 1976. It is one of the largest IT companies in the country. It is one of top 20 largest publicly traded companies in the country. It is a fundamentally strong share, It has a healthy PE of 20.97.and pays out at a dividend yield rate of 4.04%.
The shares are currently trading at Rs 1,043.
6. Oil India
Yet another Oil and gases company in the list, Oil india is a petroleum business with its headquarters in Noida. It is the second largest hydrocarbon explorer among those owned by the government of india.
It pays out at a dividend yield rate of 11.5%.
The shares are currently trading at Rs 282
7. Power finance corporation
Power finance corporation limited is an indian government backed company that funds the whole of the indian power sector and many such related entities. PFC bonds enjoy the highest credit rating in the Indian market and in international markets. PFC has been lending to power projects across India.
It is a fundamentally strong share and pays out at a dividend yield rate of 10.7%.
It is currently trading at around 110. rs per share.
Nestle is a Swiss multinational food and drink processing company. It is the largest publicly held food company in the world,.Nestle has posted an impressive net turnover and net profit. has maintained its dividend payout consistency by declaring dividends throughout. It pays out at a dividend yield rate of 2.44%.
It is currently trading at Rs 17000.
IDFC is an indian public sector bank. The bank’s aim is to increase the customer base from current 400 corporate customers to 15 million in next five years their motive is to build a world class bank in India, guided by ethics and customer-first values. It has a dividend payout ratio of 10.1% It is currently trading at Rs 49.70
10. Tv today
TV today is an Indian news television network based in India. It was founded in the year 1999 in delhi. It consists of many channels namely Aaj Tak (Hindi), India Today Television (English), Aajtak Tez (Hindi), Aaj Tak HD (Hindi).
The dividend yield is 10.3%
The shares are currently trading at Rs 274
Equity shares tend to be more volatile than others because both the supply and demand are relatively price elastic. Investors are requested to take caution and follow conservatism while trading. Happy Trading.