This High Dividend Yield PSU Company Stock Is Among Top Nifty Gainers Today

It has been a good start to the Indian stock markets with Sensex up over 780 points, while Nifty reclaimed levels of 17,588 at day's high. Bank Nifty has been progressing well with gains of close to 2 percent and broader markets too gained a good over 1 percent.

This High Dividend Yield PSU Company Stock Is Among Top Nifty Gainers Today

Meanwhile, among Nifty gainers, one of the PSU stock with a good dividend yield of over 10 percent has been resilient in trade. Yes if you could make out we are talking about none other than Coal India scrip that on January 1, 2022 has come up with provisional details on production and off-take performance of Coal India as well as subsidiary companies' for the December month.

The data represents that the production has seen an improvement from 58.3 Million Tons in December last year to 60.2 in December 2021. The company's coal off-take surged to 60.7 MT in Dec 2021, up 15.7% compared to the 15.5 MT figure reported in Dec 2020.

Also, the production has seen an improvement over the period from April-December 2021 in comparison to the same period last year.

The stock of the company last traded at Rs. 152.75, up 4.55%, while it hit day's high price of Rs. 153.3 per share on the NSE.

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