The total market capitalization of Vodafone Idea briefly topped Rs 90,000 crore mark on Thursday at a price of Rs 13.50, after the listing of its recently issued securities.
Religare Broking has filtered out 10 high dividend yielding stocks from the PSU space, with Steel Authority of India (SAIL), NMDC, and Indian Oil Corporation having a dividend yield of more than 10 per cent.
Shares of Indian Oil Corporation managed to hit its new 52-week highs at Rs 88.61, commanding a market capitalization of little more than Rs 1.25 lakh crore.
IOC priced its five-year rupee bonds at a coupon rate of 6.14% tighter than a similar maturing government bond that is trading at an annualised yield of 6.29%.