Top 5 high dividend yield stocks under Rs 100!

Check out this list of high dividend yield stocks that trade below Rs 100!

The Indian stock market is never short of surprises, and Friday’s action on the Nifty was no exception. For the second day in a row, the Nifty has formed a Long Legged Doji pattern, hinting at a potential bottom formation after the recent sharp correction. Investors are closely watching this development as it could signal a much-needed respite for the market after days of volatility.

Adding to the positive sentiment, the Nifty formed higher highs and higher lows, with above-average volumes for yet another session. This suggests that the market may be gearing up for a further upside, creating a buzz of excitement among investors.

Despite opening higher at 17112 and hitting an intraday high of 17146 in initial hours, the Nifty failed to hold on to its gains. It slipped to 16958 halfway through the session but recouped losses to close 114 points higher at 17100. This rollercoaster ride has investors on the edge of their seats, wondering where the market will go next.

Looking at the weekly chart, the Nifty formed a long bearish candle with a lower shadow, indicating buying at lower levels. Although it was down 1.8 percent for the week, investors are hopeful that the market will continue to recover.

A mid-session recovery helped the Nifty close higher for a second successive day, thanks to the rally in global counterparts and banking & financial services, technology, and metal names. This strong performance has left investors feeling optimistic and excited about the future of the Indian stock market. Only time will tell where the market will go from here, but one thing is for sure – it's going to be an exciting ride.

Amidst all this, investing in high dividend yield stocks can be a smart move during times of market volatility. These stocks not only offer a stable income stream but also have a track record of stable earnings and cash flows. This provides a sense of security to investors amidst market fluctuations.

By distributing a portion of their profits as dividends, high dividend yield stocks demonstrate their commitment to providing shareholders with a cash return. At the same time, they reinvest the remaining portion to grow their business, showing a focus on long-term growth potential.

This combination of growth potential and consistent dividends make high dividend yield stocks a winning choice for investors seeking lower volatility in the equity market. Such companies are typically more established and have a history of stable earnings and cash flows, making them a safer investment option.

So, if you're looking for a reliable and profitable investment option, consider exploring high dividend yield stocks to maximize the potential of your investment portfolio. By doing so, you can make your money work harder for you and ensure a steady income stream amidst market fluctuations.

Check out this list of high dividend yield stocks that trade below Rs 100!