Wipro and 4 Other Stocks Under ₹300 with Dividend Yield of More Than 4% to Look Out For

Synopsis: Stocks such as ONGC, Wipro, and a few others are attracting attention for their strong dividend payouts. Trading below Rs. 300 and offering dividend yields above 4%, present an appealing mix of income generation and potential capital appreciation.

Dividend-paying stocks are often favored by investors seeking a combination of regular income and potential capital appreciation. Companies from sectors such as information technology, fast-moving consumer goods (FMCG), energy, lubricants, and software services have continued to reward shareholders through consistent dividend payouts while maintaining their growth prospects.

Amid ongoing market volatility, stocks trading below Rs. 300 with dividend yields above 4% can offer an attractive opportunity for income-focused investors. These companies operate across diverse industries, providing exposure to sectors ranging from technology and consumer goods to oil & gas and industrial products, helping investors build a balanced portfolio while generating steady cash flows.

Wipro Ltd

Wipro Ltd is one of India’s leading IT services and consulting companies, offering solutions in cloud computing, cybersecurity, artificial intelligence, digital transformation, and business process services. With a global presence across multiple industries, the company helps enterprises modernise their technology infrastructure and improve operational efficiency.

With a market capitalisation of Rs. 1,91,417 cr, the shares of Wipro Ltd were trading at Rs. 182.25 per share, down from its previous close of Rs. 184.45 per share. The company offers a dividend yield of 6.0%, providing investors with an attractive stream of income alongside potential capital appreciation. 

ITC Ltd

ITC Ltd is a diversified Indian conglomerate with businesses spanning FMCG, cigarettes, hotels, paperboards, packaging, agribusiness, and information technology. The company owns several well-known consumer brands and has built a strong presence in both domestic and international markets through its focus on innovation, sustainability, and brand development.

With a market capitalisation of Rs. 3,63,605 cr, the shares of ITC Ltd were trading at Rs. 290.05 per share, down from its previous close of Rs. 290.75 per share. The company offers a dividend yield of 5.0%, enabling investors to earn a steady income from dividends in addition to the potential for long-term growth in the value of their investment.

Ksolves India Ltd

Ksolves India Ltd is a technology-driven software services company specialising in cloud computing, big data, artificial intelligence, DevOps, enterprise software development, and digital transformation solutions. Serving clients across various industries worldwide, the company focuses on delivering customised technology solutions and maintaining expertise in emerging technologies.

With a market capitalisation of Rs. 702 cr, the shares of Ksolves India Ltd were trading at Rs. 290 per share, down from its previous close of Rs. 297.75 per share. The company offers a dividend yield of 5.25%, providing investors with a stable source of income through regular dividend payouts while also offering the potential for long-term wealth creation.

Castrol India Ltd

Castrol India Ltd is a leading manufacturer and marketer of automotive and industrial lubricants in India. A subsidiary of the global Castrol brand, the company provides engine oils, transmission fluids, and specialised lubrication products for vehicles, machinery, and industrial equipment. Its strong distribution network and trusted brand have helped it maintain a significant market presence.

With a market capitalisation of Rs. 18,288 cr, the shares of Castrol India Ltd were trading at Rs. 184.90 per share, up from its previous close of Rs. 184.50 per share. The company offers a dividend yield of 4.73%, providing shareholders with a regular income stream while complementing the potential for long-term value creation through its business growth.

Oil & Natural Gas Corporation Ltd

Oil & Natural Gas Corporation Ltd is India’s largest crude oil and natural gas exploration and production company. The state-owned energy giant is involved in the discovery, development, and production of hydrocarbon resources both onshore and offshore. ONGC plays a crucial role in India’s energy security and contributes significantly to the country’s domestic oil and gas output. 

With a market capitalisation of Rs. 3,06,833 cr, the shares of Oil & Natural Gas Corporation Ltd were trading at Rs. 243.90 per share, down from its previous close of Rs. 245.15 per share. The company offers a dividend yield of 5.03%, providing investors with a consistent income stream through dividends while also benefiting from the company’s long-term growth prospects.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Wipro and 4 Other Stocks Under ₹300 with Dividend Yield of More Than 4% to Look Out For appeared first on Trade Brains.