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Weekly Tactical Pick: This stock offers high dividend yield, safety

Higher dividend yield protects the downside in the stock, given the current uncertainty

September 30, 2022 / 09:25 AM IST
Weekly Tactical Pick: This stock offers high dividend yield, safety

India and other countries with coal-dependent regions have to diversify their economies and retrain workers, he said — both to protect the livelihoods of workers and to help speed the transition away from coal by offering new opportunities. (Image: AP)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Demand for coal from the non-regulated sector leading to higher e-auction premium Impending hike in prices for FSA-based supplies Higher dividend yield should support the stock price Investors can buy and accumulate on declines Our tactical pick this week is Coal India (CIL; CMP: Rs 213; Market capitalisation: Rs 1,31,607 crore; Nifty level: 16,818), which is currently in a sweet spot, given the increase in coal demand from thermal-based power plants and higher prices of imported coal. This is leading to higher e-auction...

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