These 3 Stocks Turn Attractive For Dividend Yields After Falling To 52-week Lows

Markets have fallen a great deal from peak levels. In fact, stocks from the small and midcap space are seeing renewed selling pressure. Here are 3 stocks that have turned attractive for dividend yields. Please note, that we are merely giving information and these are not buys calls based on fundamentals. Dividends in India on stocks are also subject to TDS in certain cases.

CESC

The stock has fallen to a near 52-week low of Rs 69.40. The 52-week low hit earlier in June 2022 was Rs 68. At these levels the stock of CESC has become extremely attractive for its dividend yields. The stock is now available at a dividend yield of 6.45%. Stable business model and assured cash flows ensures that the company would be able to retain dividends and hence makes the stock attractive. CESC is largely engaged in power generation and distribution.

Sanofi India

The stock of Sanofi India had hit a 52-week low of Rs 5202 earlier last month. However, the company announced a massive dividend earlier last month. The company has announced a Rs 183 per share special dividend and Rs 194 as the final dividend, taking the total dividends to a massive Rs 375 per share. Sanofi India has a good track record of paying dividends and the results of the company for the quarter were also good, on the back of lower inputs costs. The board of directors of Sanofi India have fixed April 28, 2023 as the record date for the payment of dividends.

Angel One

This stock fell to a new 52-week low of Rs 1010 on the NSE. At these levels the stock is trading at attractive levels, with a dividend yield of nearly 3%. Angel One has a good track record of consistently paying dividends over the last few years. The stock has had a 52-week high of Rs 2022 on the BSE, which is nearly double the current market price. The company is one of the top stock brokerages in the country, with a significant market share. However, over the last few quarters it has been noticed that the stock has been falling.

Disclaimer

Please note, that the stocks recommended above are for informational purposes only and should not be construed as a buy or sell recommendation. Neither the author, nor Greynium Information Technologies Pvt Ltd would be responsible for losses based on the above article. Markets have turned volatile so please be careful before taking positions.