Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy. The Indian Inflation rate in February was recorded at 5.09 percent.
To beat inflation, it is essential to invest in assets that provide returns higher than the inflation rate. Here are some PSU stocks with a good dividend yield that can help you beat inflation.
Coal India
Coal India Limited is a Maharatna Central Public Sector Enterprise mainly engaged in the business of mining and production of Coal and it also operates Coal washeries. It accounts for over 80 percent of the domestic coal production.
With a market capitalization of Rs. 2,67,339 Crores, the shares of Coal India Limited closed at Rs. 433.80, up 0.71 percent from its previous day’s close price of Rs. 430.75.
Coal India Limited has reported a strong dividend yield of 5.63 percent.
Its revenue from operations grew by 2.80 percent from Rs. 35,169 Crores in Q3FY23 to Rs. 36,154 Crores in Q3FY24, accompanied by profits of Rs. 7,719 Crores to Rs. 9,094 Crores.
Gujarat State Fertilizers & Chemicals
Gujarat State Fertilizers & Chemicals Limited is an Indian fertilizers and chemical manufacturer owned by the government of Gujarat, It is engaged in manufacturing a wide range of fertilizers and industrial products like plastics & synthetic rubbers and man-made Fibers.
With a market capitalization of Rs. 7,798 Crores, the shares of Gujarat State Fertilizers & Chemicals Limited closed at Rs. 195.65, down 0.74 percent from its previous day’s close price of Rs. 197.10.
Gujarat State Fertilizers & Chemicals Limited has reported a strong dividend yield of 5.07 percent.
Its revenue from operations declined by 43.20 percent from Rs. 3,421 Crores in Q3FY23 to Rs. 1,943 Crores in Q3FY24, accompanied by profits of Rs. 408 Crores to Rs. 112 Crores.
Balmer Lawrie Investments
Balmer Lawrie Investments Limited under the administrative control of the Ministry of Petroleum & Natural Gas, Government of India, is a Non-Banking Financial Company engaged in holding equity shares of its subsidiary Balmer Lawrie & Co. Limited
With a market capitalization of Rs. 1,362 Crores, the shares of Balmer Lawrie Investments Limited closed at Rs. 613.95, up 0.33 percent from its previous day’s close price of Rs. 611.95.
Balmer Lawrie Investments Limited has reported a strong dividend yield of 5.39 percent
Its revenue from operations grew by 13.75 percent from Rs. 516 Crores in Q3FY23 to Rs. 587 Crores in Q3FY24, accompanied by profits of Rs. 37 Crores to Rs. 68 Crores.
Written by: Bharath K.S
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