Dividend announced for FY24 is the highest final dividend declared by the company since 2021. Over the past 12 months, the stock has surged by 58 per cent.

Stock has risen by an impressive 51.08 per cent. With an attractive dividend yield of 1.83 per cent, it continues to be an appealing option

The company announced that it has secured a Contract Award from Oil India Limited, Rajasthan. The contract involves the acquisition of 3D and 2D seismic data in Rajasthan,

Electric vehicle (EV) volumes surging to 180,000 units, marking an impressive 23 per cent YoY increase. Company's strategic positioning within the EV market has been a catalyst for its success, driven by collaborations with industry leaders such as Ola and TVS. The company's expansion in the EV segment is further underscored by the addition of new customers, including Raptee, Polaris, and Numerus.

The stock offers an impressive yield of 3.12 percent, and what's even more impressive is that the company has maintained a consistent track record of paying dividends for the last five years.

At the current market price, this translates to an attractive dividend yield of 4.52 per cent. Additionally, the stock boasts an impressive Return on Capital Employed (ROCE) of 60.8 per cent, reflecting its efficient utilization of invested capital.

The stock has an ROE of 21.95 per cent and a ROCE of 27.78 per cent with multibagger returns of 140.94 per cent.

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.

The company has consistently rewarded its shareholders with dividends since 2003. The stock has jumped more than 10 per cent in the last week along with robust volumes.

We will be talking about dividend champion stock, which has not only given regular dividends but also, offered multi-bagger gains in the last three years as it generated nearly 4x returns. What’s icing on the cake is that the stock is trading in single-digit PE! 

PSU banks are an attractive play on the growing Indian economy as these banks have strengthened their balance sheet by fully providing for stressed accounts. The focus on improving underwriting practices is reflected in controlled slippages.

You might be wondering why this stock requires special attention in the near future! Don’t worry, we’ll discuss the same in this article itself!