Wed, May 1, 2024 12:50 PM
Low PE & high ROCE, Andhra Paper Ltd, paper manufacturing stock
A Flip by Riya Sharma
The May series Nifty futures is currently trading with a premium of around 65 points. After making record highs, the index has broadly been consolidating in a range i.e. almost at around the same levels where it started the May series but added substantial OI to the tune of 24% during this phase. For the Index futures, FII Net Index Long exposure is at 28%.
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Trishakti Industries Ltd announced that we have been awarded a contract by Jindal Ferrous Ltd. In this contract, we play a role in deploying entirely new heavy industrial equipment as a rental for a long-term contract. This contract portrays the company’s capability to support major industrial projects PAN-India and this contract shall positively impact the company’s financial performance.
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Johnson & Johnson (NYSE: JNJ) is dividend royalty. The healthcare behemoth has increased its dividend payment for 62 straight years. That puts it in the elite group of Dividend Kings, companies with 50 or more years of consecutive annual dividend growth. The healthcare stock also stands out for its higher dividend yield. With a nearly 3.3% forward dividend yield, an investment in J&J.
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