3 Bluechip Debt Free Stocks Trading Under 10 P/E Offering Decent Dividend Yields

Markets continue to hover near that 59,000 points to 60,000 points range on the Sensex, while the broader markets are seeing a decline. Some stocks have fallen considerably and now offer good dividend yields. Here are some bluechip stocks that have fallen and now trade below 10 p/e.

TV Today Network

This company runs the popular Aaaj Tak and India Today Television. The company recently declared a whopping dividend of Rs 67 per share. The stock of TV Today Network recently jumped from 52 week-low of Rs 173 to Rs 196. At the current market price the price to earnings ratio on a trailing basis is 9.89 times. Please note this is trailing basis and not forward basis as per information from the BSE.

Coal India

This stock is a favorite for investors seeking dividend yields. Coal India gives a dividend yield of slightly more than 7%. The price to earnings ratio for the stock of Coal India is around 8 times, trailing basis. The company is one of the largest coal miners across the world and has a virtual monopoly in India. It has a cash rich business and a lot of the profits are distributed as dividends by the company.

SUN TV Network

This is a company that has good robust business model is debt free, and offers a good dividend yield. The media stock has taken some beating in its share price, thanks to subdued financial performance. However, as the economy recovers, we believe there would be scope for the company to improve its earnings. Also, next year would be election for the central government and spendings could rise, helping channels like SUN TV Network.

Disclaimer

Please note, we have highlighted stocks that are debt free and give good dividends. We have not suggested any "buy", "sell" or "hold" on these stocks. The above article is for information and should not be construed as recommendations. Neither the author nor Greynium Information Technologies Pvt Ltd should be held responsible for losses based on a decision made after reading the article.