In today’s volatile market, investors are seeking stability and income. Large-cap stocks with strong fundamentals and attractive dividend yields offer a solid foundation for long-term growth. This article highlights the top 10 large-cap stocks with yields of up to 12 percent, providing a blend of reliability and income potential for those looking to maximize returns in uncertain times.
Here are a few top fundamentally strong large-cap stocks offering a high dividend yield of up to 12 percent
Vedanta Limited
With a market capitalization of Rs. 1,48,712.06 crore, the shares of Vedanta Limited closed at Rs. 380.30 per equity share, up nearly 2.65 percent from its previous day’s close price of Rs. 370.50.
Vedanta Limited has a dividend yield of 11.7 percent. The company’s ROE and ROCE are 10.5 percent and 20.9 percent, respectively.
Vedanta Limited is headquartered in Mumbai and is an Indian multinational mining company. It operates in iron ore, gold, and aluminum mines across Goa, Karnataka, Rajasthan, and Odisha. The company is a subsidiary of Vedanta Resources and is a leading player in India’s mining sector.
Indian Oil Corporation Limited
With a market capitalization of Rs. 186,117.92 crore, the shares of Indian Oil Corporation Limited closed at Rs. 131.80 per equity share, up nearly 0.19 percent from its previous day’s close price of Rs. 131.55.
Indian Oil Corporation Limited has a dividend yield of 9.12 percent. The company’s ROE and ROCE are 25.7 percent and 21.1 percent, respectively.
Indian Oil Corporation Limited was established in 1959 and is India’s largest integrated oil and gas company. It engages in refining, pipeline transportation, marketing of petroleum products, and exploration, with operations across India and globally.
Bharat Petroleum Corporation Limited
With a market capitalization of Rs. 127,138.84 crore, the shares of Bharat Petroleum Corporation Limited closed at Rs. 293.05 per equity share, up nearly 1.81 percent from its previous day’s close price of Rs. 287.85.
Bharat Petroleum Corporation Limited has a dividend yield of 7.29 percent. The company’s ROE and ROCE are 41.9 percent and 32.1 percent, respectively.
Bharat Petroleum Corporation Limited was established in 1976 and is India’s second-largest government-owned oil refiner and marketer. It operates three refineries and a vast network of fuel stations, offering diverse petroleum products and contributing significantly to India’s energy sector.
Hindustan Zinc Limited
With a market capitalization of Rs. 174,759.19 crore, the shares of Hindustan Zinc Limited closed at Rs. 413.60 per equity share, up nearly 3.25 percent from its previous day’s close price of Rs. 411.50.
Hindustan Zinc Limited has a dividend yield of 7.24 percent. The company’s ROE and ROCE are 55.2 percent and 46.2 percent, respectively.
Hindustan Zinc Limited was established in 1966 and is the world’s largest integrated zinc producer and India’s largest zinc-lead producer. It operates mines and smelters across Rajasthan and Uttarakhand, holding a 75 percent market share in India’s primary zinc industry.
Coal India Limited
With a market capitalization of Rs. 241,578.95 crore, the shares of Coal India Limited closed at Rs. 392 per equity share, up nearly 4.62 percent from its previous day’s close price of Rs. 382.95.
Coal India Limited has a dividend yield of 6.81 percent. The company’s ROE and ROCE are 52 percent and 63.6 percent, respectively.
Coal India Limited was established in 1975 and is the world’s largest coal producer. It operates 322 mines across India, producing coking, semi-coking, and non-coking coal. The company plays a crucial role in India’s energy sector, supporting power and steel industries.
Oil and Natural Gas Corporation Limited
With a market capitalization of Rs. 289,786.73 crore, the shares of Oil and Natural Gas Corporation Limited closed at Rs. 230.35 per equity share, up nearly 3.67 percent from its previous day’s close price of Rs. 222.20.
Oil and Natural Gas Corporation Limited has a dividend yield of 5.52 percent. The company’s ROE and ROCE are 16.3 percent and 18.4 percent, respectively.
Oil and Natural Gas Corporation Limited (ONGC) was established in 1956 and is India’s largest crude oil and natural gas producer. It contributes 70 percent of domestic production, operating across exploration, refining, petrochemicals, and renewable energy sectors.
REC Limited
With a market capitalization of Rs. 105,802.94 crore, the shares of REC Limited closed at Rs. 401.80 per equity share, up nearly 3.17 percent from its previous day’s close price of Rs. 389.45.
REC Limited has a dividend yield of 4.11 percent. The company’s ROE and ROCE are 22.2 percent and 10 percent, respectively.
REC Limited was formerly Rural Electrification Corporation Limited and is a Maharatna public sector company established in 1969. It finances power and infrastructure projects across India, including renewable energy, transmission, and distribution, under the Ministry of Power’s administrative control.
HCL Technologies Limited
With a market capitalization of Rs. 378,502.01 crore, the shares of HCL Technologies Limited closed at Rs. 1394.80 per equity share, up nearly 1.04 percent from its previous day’s close price of Rs. 1380.45.
HCL Technologies Limited has a dividend yield of 3.91 percent. The company’s ROE and ROCE are 23.3 percent and 29.6 percent, respectively.
HCL Technologies Limited was established in 1991 and is a global IT services company headquartered in Noida, India. It specializes in IT and business services, engineering R&D, and products. Operating in over 60 countries, it serves diverse industries with innovative solutions
GAIL (India) Limited
With a market capitalization of Rs. 112,927.34 crore, the shares of GAIL (India) Limited closed at Rs. 171.75 per equity share, up nearly 1.75 percent from its previous day’s close price of Rs. 168.80.
GAIL (India) Limited has a dividend yield of 3.85 percent. The company’s ROE and ROCE are 14 percent and 14.7 percent, respectively.
GAIL (India) Limited was established in 1984 and is India’s leading natural gas company. It operates over 16,240 km of pipelines, engaging in gas transmission, LPG production, LNG re-gasification, petrochemicals, and city gas distribution across India.
Power Grid Corporation of India Limited
With a market capitalization of Rs. 282,924.37 crore, the shares of Power Grid Corporation of India Limited closed at Rs. 304.20 per equity share, up nearly 3.72 percent from its previous day’s close price of Rs. 293.30.
Power Grid Corporation of India Limited has a dividend yield of 3.83 percent. The company’s ROE and ROCE are 19 percent and 13.2 percent, respectively. Power Grid Corporation of India Limited was established in 1989 and is a ‘Maharatna’ public sector enterprise specializing in electric power transmission. It operates India’s largest transmission network, handling over 50 percent of the country’s power transmission.
Written By – Nikhil Naik
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