With stable govt at the center and likely peak out of interest rates in India, quality stocks with high dividend yield could provide sufficient downside protection and reasonable upside potential. Following is the list of top 10 stocks in CNX 100 (top 100 companies listed on NSE) with highest dividend yield.
|Oil India Ltd||482.5||6.2|
|Union Bank of India||153.15||5.0|
|Coal India Ltd||295.3||4.7|
|Bank of India||233.05||4.0|
|Power Finance Corporation Ltd||187.3||3.8|
|Reliance Capital Ltd||349.2||3.7|
|*LTP as on 2nd May 2014|
Other Stocks with high dividend yield are Tata Chemicals, Cairn India, REC and Hindustan Unilever which are having more than 3% yield as on 2nd May 2014.