Stock trading at a discount presents an opportunity for investors to acquire quality assets below their intrinsic value. This occurs when market prices don’t fully reflect a company’s robust financial health, growth potential, or competitive advantages, offering the potential for significant long-term gains as the market corrects itself.
Here are the stocks with high dividend yield trading at a discount up to 34%:
1. NMDC
NMDC Limited is involved in the exploration of a range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten, and beach sands amongst others. The Company’s segments include Iron Ore, and Pellet, Other Minerals & Services.
With a market capitalization of Rs 55,485 crore, the shares closed at Rs 63.1 per share, decreasing around 3 percent as compared to the previous closing price. The company has a dividend yield of 3.79 percent
The company hit its 52-week or all-time high in May 2024 at Rs. 95.35 apiece and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 34 percent.
2. Gail (India)
GAIL (India) Limited is an India-based natural gas processing and distribution company. The Company’s segments include Transmission Services, Natural Gas Marketing, Petrochemicals, LPG And Liquid Hydrocarbons, and another segment. Its Transmission Services segment includes natural gas and liquid petroleum gas (LPG).
With a market capitalization of Rs 1.18 lakh crore, the shares closed at Rs 180 per share, decreasing around 1.97 percent as compared to the previous closing price. The company has a dividend yield of 3.05 percent.
The company hit its 52-week or all-time high in July 2024 at Rs. 246 apiece and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 28 percent.
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3. Gujarat Pipavav Port
Gujarat Pipavav Port Limited is primarily engaged in port networks. The Company operates through the Port Services segment, which primarily includes services, such as marine services, berth hire, wharfage, container handling, yard operations, stevedoring, and the activities incidental thereto within India.
With a market capitalization of Rs 8,117 crore, the shares closed at Rs 168 per share, decreasing around 0.71 percent as compared to the previous closing price. The company has a dividend yield of 4.37 percent.
The company hit its 52-week or all-time high in August 2024 at Rs. 250.50 apiece and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 33 percent.
4. Coal India
Coal India Ltd. operates through its subsidiaries in 83 mining areas spread over eight states of India. The Company has 322 mines, of which 138 are underground, 171 opencast, and 13 mixed mines. It also manages other establishments like workshops, hospitals, and others.
With a market capitalization of Rs 2.27 lakh crore, the shares closed at Rs 368.60 per share, decreasing around 0.99 percent as compared to the previous closing price. The company has a dividend yield of 6.89 percent.
The company hit its 52-week or all-time high in August 2024 at Rs. 545 apiece and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 29 percent.
Written by Abhishek Singh
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