As benchmark indexes dipped on Friday, setting up a negative close for the third consecutive day, bears took control of Dalal Street. The Nifty closed at 17,859.45, down 132.70 points or 0.75%, while the Sensex ended the day at 59,900, down 450 points.
Here are 3 fundamentally sound stocks under Rs 200 that analysts recommend for an upside of up to 45% while markets stay volatile:
Read More
- Dividend Paying Stocks 2023
- Penny Stock Jumps 14% bagging a project Order from Tata Power
- 10 Stocks Below 30 Rs
NMDCL Ltd
The Public Sector Company’s shares slightly increased by 2.5 on Friday, closing at Rs 121. The stock has lost 3% over the last five days while increasing by 12% over the last six months.
The investigation of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, coal, etc. is carried out by NMDC Limited, a central public sector company.
In Q2FY23, the business reported total sales of Rs. 3,328.45 crore and a net profit of Rs. 885.78 crore. The company’s market value is Rs 36,940 Crore, and its dividend yield is a remarkable 11.69%.
Oil & Natural Gas Corporation Ltd
Oil & Natural Gas Corporation’s stock increased slightly on Friday, closing at Rs 147. The stock has increased by around 5% over the past month, and by 20% over the past six months.
The main government-owned oil and gas producer in the nation is Oil and Natural Gas Corporation (ONGC), a core public sector operation.
The firm recorded a 38 percent growth in total sales for Q2FY23, which was Rs 1,68,656.12 Crore, and a Rs 7,291.3 Crore net profit. The firm has a 6.98% dividend yield and a market capitalization of Rs 1,89,270.
Samvardhana Motherson Ltd.
The stock soared during the Friday session and closed the week at values of Rs 75.65. The stock has increased by about 5% in the past month. On the other hand, the stock has lost around 52 percent of its value annually.
Samvardhana Motherson is an Indian company that produces wiring harnesses, plastic parts, and rearview mirrors for passenger automobiles. It was originally known as Motherson Sumi Systems Limited.
Their overall quarterly sales climbed by 30% to Rs 18,260.78 Crore, while their net quarterly profit improved by 285 % Year over Year to Rs 294.94 Crore. The firm has a Rs 51,297 market value and a 0.86% dividend yield.
