There are generally two ways to earn in the stock market i.e, Capital appreciation and Dividends. While capital appreciation happens over time through active investing, Dividend is a source of passive income. 

Here are 5 stocks that not only have consistent dividend history but have also given multibagger returns over the years: 

Vedanta Limited  

The shares of Vedanta Limited dropped by 1.3 percent and were trading at Rs 266 in the early trading hours on Thursday. In a month the stock has added more than 4.5 percent. In August 2020, the stock was trading at Rs 128 per share on NSE. From there it has spiked up to the current levels delivering a multibagger return of 109 percent in two years. 

The company has a market capitalization of Rs 1,00,457 crores and a high dividend yield of 16.65%. 

Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting, and processing minerals and oil & gas. The group engages in the exploration, production, and sale of zinc, lead, silver, copper, aluminum, iron ore, and oil & gas. 

Steel Authority of India Limited  

The shares of Steel Authority of India increased by 0.2 percent and were trading at Rs 81 in the early trading hours on Thursday. In a month the stock has added approximately 4.5 percent. In August 2019, the shares were trading at Rs 31 a piece. From there it has scaled up to the current levels logging a multibagger return of 160 percent in three years. 

The company has a market capitalization of Rs 33,581 crores and a high dividend yield of 10.76%. 

Steel Authority of India Limited (SAIL) is a government-owned Maharatna company. It is the 20th largest steel producer in the world and the largest in India. It manufactures and sells a broad range of steel products. 

Polyplex Corp Limited  

The shares of the company were trading at Rs 2,145 in the early hours of Thursday. In a month, however, the stock has shed more than 13 per cent. In august 2020, the shares were trading at Rs 738 a piece. From there it has scaled up to the current levels thereby delivering a multibagger return of 192 percent. 

The company has a market capitalization of Rs 6,765 crores and a dividend yield of 4.83%. 

Polyplex is an Indian Multinational company that manufactures Biaxially Oriented Polyester Film for packaging, electrical, and other industrial applications.

Graphite India Limited  

The shares of the company were trading at Rs 411 levels in the early hours of Thursday. In a month, however, the stock has shed more than 7 per cent. In august 2020, the shares were trading at Rs 202 a piece. From there it has scaled up to the current levels thereby delivering a multibagger return of 102 percent. 

The company has a market capitalization of Rs 8,067 crores and a dividend yield of 2.42%. Graphite India Ltd is engaged in the manufacture of graphite electrodes, anodes, other miscellaneous carbon and graphite products, and calcined petroleum coke. 

Gujarat Mineral Development Corporation Limited  

The shares of the company were up by 2.5 per cent and trading at Rs 170 levels on Thursday morning. In the past month, the stock has shed approximately 2.5 per cent. In august 2020 the stock was trading at Rs 49 a piece. From there it has spiked up to the current levels representing a multibagger return of 232 percent. 

The company has a market capitalization of Rs 5,288 crores and a dividend yield of 2.59%. 

Gujarat Mineral Development Corporation Limited (GMDC) is a major Indian state-owned minerals and lignite mining company. Its product range includes essential energy minerals like lignite, base metals, and industrial minerals like bauxite and fluorspar. 

Written by – Anoushka Roy

Disclaimer

The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies 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.