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India Infoline bullish on Chennai Petro and HCL Tech
India Infoline has conducted a study to search top dividend yield stocks across the BSE 500 universe and the results were interesting. The research firm is bullish on Chennai Petro and HCL Tech.
India Infoline has conducted a study to search top dividend yield stocks across the BSE 500 universe and the results were interesting. The research firm is bullish on Chennai Petro and HCL Tech .
India Infoline's report on Top 25 Dividend Yield Stocks:
We conducted a study to search top dividend yield stocks across the BSE 500 universe and the results were interesting. Traditionally, high dividend yield stocks, are considered 'Safe Havens' and are preferred by a particular sect of investors. Clearly, most of these high dividend yield stocks are 'Value Traps', often difficult to discern from outside. Fundamentally, they face multiple earnings headwinds and should continue to carry a high dividend yield. The probability of making a capital loss is high from holding them and that can easily offset the returns in the form of dividends. However, there are a couple of exceptions that one can consider - Chennai Petro and HCL Tech (Q4 F6/08 PAT decline attributable to forex accounting). We are also fundamentally bullish on these stocks.
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