Updated Feb 10, 2025 09:58 IST
Stock to BUY under Rs 100 for long term: Top recommendation by market expert; dividend yield 3.63%
Looking for an attractive long-term investment opportunity under Rs 100? With a dividend yield of 3.63%, this stock is gaining attention for its strong performance and stability. Market expert has recommended the stock that offers solid potential for growth.
Dividend yield is a financial ratio that shows how much income a company returns to its shareholders in the form of dividends relative to its stock price. It is calculated by dividing the annual dividend per share by the current stock price and then multiplying by 100 to express it as a percentage.
The stock in question is NMDC, which recently declared its results, reporting a consolidated net profit of Rs 1,896.66 crore for the quarter ending December 2024. This marks a sharp rise of 29.05 per cent compared to Rs 1,469.73 crore reported in the same…
