5 Mid & Large Cap Debt-free Stocks, Offering Upto 5.63% Dividend Yield

Investing in debt-free stocks can assure the investors about more insurance on the stocks. Here, 5 mid and large-cap debt-free stocks have been discussed. The RBI is raising its key lending rate, the repo rate, so, the companies are trying to reduce their debts. Nifty is marginally bullish today, it stood at 17,802.45 points, gaining by 0.59%, till 2.18 pm.

VST Industries

The company is offering a Dividend Yield of 4.23%. The current market price of VST Industries closed at Rs. 3,308.95/share on NSE, gaining marginally by 0.57%. In the last 1 month its share price has gained by 4.87%, and in the past 6 months, its stock price has gained by 4.11%. However, in the last 1 year, it has gained by 16.58%, and in the last 5 years, it has gained significantly by 75.51%. The 52-week high level of this stock is Rs. 1,733.90, and the 52 week-low level of this stock is Rs. 1,179.

It is a mid-cap stock with a market capitalization of Rs. 7,561 crore.

Nippon Life Ind

The company is offering a Dividend Yield of 3.43%. The current market price of Nippon Life Ind closed at Rs. 316.25/share on NSE, gaining marginally by 2.81%. In the last 1 month its share price has gained by 12.79%, and in the past 6 months, its stock price has fallen by 1.62%. However, in the last 1 year, it has fallen by 18.11%, and in the last 5 years, it has gained by 10.89%. The 52-week high level of this stock is Rs. 476.45, and the 52 week-low level of this stock is Rs. 259.

It is a mid-cap stock with a market capitalization of Rs. 19,684 crore.

Bajaj Consumer

The company is offering a Dividend Yield of 4.918%. The current market price of Bajaj Consumer closed at Rs. 162.90/share on NSE, falling marginally by 1.09%. In the last 1 month its share price has gained by 0.77%, and in the past 6 months, its stock price has fallen by 2.83%. However, in the last 1 year, it has fallen by 35.56%, and in the last 5 years, it fell by 59.00%. The 52-week high level of this stock is Rs. 270, and the 52 week-low level of this stock is Rs. 129.05.

It is a mid-cap stock with a market capitalization of Rs. 2,403 crore.

Castrol India Limited

The company is offering a Dividend Yield of 4.77%. The current market price of Castrol India Limited closed at Rs. 115.10/share on NSE, gaining marginally by 0.96%. In the last 1 month its share price has gained by 3.32%, and in the past 6 months, its stock price has falling by 1.88%. However, in the last 1 year, its share fell by 15.34%, and in the last 5 years, it fell by 40.62%. The 52-week high level of this stock is Rs. 149.60, and the 52 week-low level of this stock is Rs. 99.05.

It is a mid-cap stock with a market capitalization of Rs. 11,410 crore.

Oracle Financial Services Software Ltd.

The company is offering a Dividend Yield of 5.67%. The current market price of Oracle Financial Services closed at Rs. 3,349/share on NSE, falling marginally by 0.85%. In the last 1 month its share price has gained by 4.45%, and in the past 6 months, its stock price has fallen by 8.79%. However, in the last 1 year, it has fallen by 27.48%, and in the last 5 years, it has fallen by 2.43%. The 52-week high level of this stock is Rs. 5,145, and the 52 week-low level of this stock is Rs. 2,950.

It is a large-cap stock with a market capitalization of Rs. 28,914 crore.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock related information about the companies.

(Data Till August 16, 2022)