If one can live without the excitement often driven by growth, Coal India at 9-10 percent dividend yield is a good option. While earnings growth remains elusive, a 33 percent correction in the past one year has brought the stock below its historical valuations.
Coal India, which is sitting on a cash of close to Rs 33,000 crore or 27 percent of its market capitalisation, is trading at 7.2 times its FY21 estimated earnings.
In 2019-20, it is expected to earn profit of close to Rs 17,000-18,000 crore on net worth of about Rs ...
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