3 Stocks With Solid Dividend Yields Of Upto 7%, Low P/E Ratio, Near 52-Week Lows

Markets have been finding it hard to cross the 58,000 points on the Sensex, with every rally seeing a fresh round of selling pressure. In the recent fall of nearly 10% from peak levels on the Sensex, several stocks have fallen badly. Here are stocks that have a low p/e and high dividend yield ratio.

CESC

This top power generation, transmitter and distributor has seen its stock fall to nearly 52-week lows. Based on the current market price of Rs 66.80, the dividend yield on the stock works to nearly 6.75%, which is very good. The p/e ratio of the company based on a trailing basis is nearly 11 times. The stock has hit a 52-week low of Rs 66.75 and a 52-week high of Rs 88. It's trading at almost 52-week lows.

ICICI Securities

Like CESC, the stock of ICICI Securities has been badly hammered down in the last few trading sessions. At the current market price of Rs 433, the stock gives a dividend yield of 5.53%, which is very good for a ICICI Group company. ICICI Securities last year declared a dividend of Rs 24 per share. We do not see the possibility of dividends being reduced going forward, and a further fall in the price would only improve the dividend yields. The p/e ratio of the stock is 11 times on a trailing basis. The stock is not far away from its 52-week lows.

Oracle Financial Services

Oracle Financial Services Software declared an equity dividend of Rs 190 per share. At the current share price of Rs 3200, it results in a dividend yield of nearly 6%. The company is a top player in the banking and insurance IT Space. The stock is trading at a p/e of 15 times based on a trailing basis and peers are trading at significantly higher valuations in comparison.

Disclaimer

Please note, we have not analysed these stocks fundamentally and are giving just information on their dividend yields, lows, highs etc. This is not a buy, sell or hold call from our end. Neither the author, nor Greynium Information Technologies Pvt Ltd would be responsible for losses caused based on a decision from the article.