3 Stocks That You Can Buy For The Festive Season

The broader markets have crashed significantly, with several financial stocks witnessing a major crash. Here are 3 stocks, some of which are at multi-year lows and can be good bets from a long-term perspective. This stock is at a near 3-year low. The shares are now trading at very attractive valuations. The trailing p/e is just 8 times, which makes LIC Housing an attractive bet. The dividend yield on the stock is also attractive at more than 2 times.The shares are also trading at around one times, one year forward book, which is not bad at all. However, we wish to inform readers, there are possibilities that the institution may struggle in the next few quarters, given the slump in the housing sector. However, given the strong pedigree and backing of LIC, we do not see any major problems for the company in raising funds. In fact, the promoters have a solid holding of 40 per cent in the company, while FIIs own as much as 28 per cent.The stock is a good bet, as it is trading at multi-year lows.Advertisement This is another stock that individuals can buy, as there are expectations that government owned companies maybe forced to declare a solid dividend this year, given the governments struggle to maintain the fiscal deficit.Even if Coal India maintains its dividend like last year, the yield on the same would come to near 7 per cent. This is not bad at all, given that dividends are tax free in the hands of the investors upto a sum of Rs 10 lakhs.The company is a debt free cash rich company and has constantly been bought into for its dividend yields. The stock is also not too far away from its 52-week low price, which makes it all the more attractive. This can be a slightly risky bet, as the stock has been heavily sold into based on the debt worries at the group. The promoters of Essel group, which Zee Entertainment is a part are slated to sell assets and payback the debt owed to lenders.The promoters have also pledged shares to lenders including mutual funds and these shares have been heavily sold into, dragging the shares of the company lower.Many lenders have given the promoters until March of next year to settle their dues. The group has been making every effort to sell assets to pay back debtors. Should this materialize by next year, the stock of Zee could soar given that it has dived from levels of near Rs 506 to the current levels of Rs 238. This is a stock that is no doubt a risky bet and investors who are willing to take the risk should invest. The article is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author do not accept culpability for losses and/or damages arising based on information in this article.GoodReturns.in