Top dividend-yield Mid-cap shares in last 1 year: Sanofi India, REC, Oil India and more Sanofi, REC, and Oil India shares were among the top dividend-paying Mid-caps scrips in the last one year, with yields of 8% each, according to a list of highest dividend-yielding Mid-Caps shares compiled by Axis Securities. National Mineral Development Corporation (NMDC) stood at the bottom of Axis Securities’ list with a 3% dividend yield. Here’s a look at the highest dividend payouts and dividend-yielding Mid-Caps:Company NameCMPDividend (In the past 12 Months)Dividend Yield (Last 12 Months)Sanofi IndiaRs 6,959Rs 5708%RECRs 161Rs 12.68%Oil IndiaRs 255Rs 19.58%Power Finance CorporationRs 224Rs 13.256%Oracle Financial ServicesRs 4,020Rs 2256%National Aluminium CompanyRs 93Rs 55%Hindustan Petroleum CorpRs 293Rs 145%Indian Railway Finance CorpRs 33Rs 1.434%Torrent PowerRs 609Rs 264%NHPCRs 46Rs 1.94%Nippon Life India Asset ManagementRS 298Rs 11.54%Indraprastha GasRs 489Rs 18.54%ICICI SecuritiesRs 610Rs 22.54%Canara BankRs 326Rs 124%NMDCRs 114Rs 3.753% Sanofi India holds the top position on the list, being the only company from the healthcare sector. The Axis Securities’ list was primarily dominated by companies from the financial sector, with 6 out of 15, REC, Power Finance Corporation, Indian Railway Finance Corp, Nippon Life India Asset Management, ICICI Securities, and Canara Bank representing the financial sector on the list. Sanofi India and Oracle Financial Services were the only two companies to have dividends in three digits, Rs 570 and Rs 225. Torrent Power, with a dividend of Rs 26, positioned itself at the 3rd spot on the list in terms of dividends. The lowest dividend payout was Rs 1.9 from NHPC.
Also Read: Zerodha’s Nikhil Kamath tells when to buy stocks, shares Buffett formula to find the right time
FII and DII trades: Foreign Institutional Investors (FII) have been net buyers of domestic stocks for successive days now. On Wednesday, FIIs pumped in Rs 2,347 crore. Domestic Institutional Investors (DII) have been net sellers, pulling out Rs 510 crore yesterday.
IPO watch: Syrma SGS Technology enters the final day of bidding today. So far the issue, that opened last week, has been subscribed 2.27 times. Retail investors have subscribed their portion 2.66 times while NIIs have bid for their quota 3.58 times and QIB portion has been bid for 0.71 times.
However, that doesn’t take into account the fact that geopolitical tensions on the Middle East are undeniably rising again which will mean limited downside.”
In the U.S., oil drilling rigs were up by one at 501 last week, Baker Hughes said in its weekly report.JPMorgan forecasted 26 oil rigs to be added this year, most of them in the Permian during the first half of the year.
“The timing of drilling is paramount, as rig additions at the start of the year will contribute to 2H24 production growth,” the bank’s analysts said in a note.
“Despite an impressive 1 mbd of crude and condensate production growth in 2023, we expect 2024 supply to increase by only 400 kbd due to lower completions activity levels vs 2023.”