3 Stocks With Low P/E, Solid Fundamentals & Robust Dividend Yields

Here are 3 stocks that have reasonably low price to earnings and the fundamentals are sound. We are just providing information and this should in no way be construed as "buy" calls. Here are the list of 3 stocks.

CESC

The stock of CESC is available with a trailing p/e of 11 times. What is most interesting is that the stock is available with a good dividend yield of more than 6%. The company has a virtual monopoly business of transmission of power production and distribution in Kolkata and the surrounding areas. It has also diversified into allied activities and also expanded its footprint into other areas. The stock is trading very close to its 52-week low of Rs 68, with the current market price pegged at Rs 72. The stock had hit a 52-week high of Rs 88. This means the stock is trading significantly lower than its 52-week high price. The company also has a small equity capital.

Oracle Financial Services

With a trailing p/e of around 15 times, the stock of Oracle Financial Services is traded at lower valuations when compared to peers of similar size. The company is a player in the banking and financial services and is a subsidiary of Oracle Financial Services, one of the top IT majors across the globe. Again, the stock is available at a dividend yield of 6%, which is based on last year's dividends. We do not see the possibility of dividends being altered significantly from current levels. The stock had hit a 52-week high of Rs 3888, while the current market price of Oracle Financial Services is Rs 3118.

TV Today Network

The stock of TV Today Network is trading at a p/e of 11 times one year trailing EPS. The company's board recently declared a massive dividend of Rs 67 per share. This means post the stock going ex dividend on Feb 13, 2023, the stock should correct from levels of Rs 287 and trade around that Rs 220 levels. It maybe a better idea to buy the stock after it goes ex dividend to avoid dividend on tax. You can also get it relatively cheaper. Apart from this, if you are in the highest tax bracket you would end-up paying high tax on dividends. In any case, this is a fundamentally sound stock.

Disclaimer

The above article is just highlighting low p/e, high dividend yield stocks and is in no way stock recommendations. The author and Greynium Information would not be responsible for losses based on a decision taken from the article.