Top & Best Dividend Paying Stocks to Buy in India in 2021

1. Bajaj Auto

Bajaj Auto is a two-wheeler and three-wheeler manufacturing company that exports to 70+ countries across several countries in Latin America, Southeast Asia, and many more. Its headquarter is in Pune, India. It has acquired 48% of the KTM Brand which manufactures sports and super sports two-wheelers, which was 14% in 2007 when the company first acquired KTM.

2. GAIL

GAIL (India) is engaged in the business of Oil and Gas Exploration and Production to increase the access to gas supplies through equity and joint venture participation.

3. Hindustan Zinc Ltd

Hindustan Zinc is engaged in exploring, extracting and processing of minerals.

4. SJVN

SJVN is in the business of Electricity generation. The company is also engaged in the business of providing consultancy for hydro-power projects.

5. ITC

ITC is the largest cigarette manufacturer and seller in India. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.

6. Hero Motocorp

Hero Moto Corp earlier known as “Hero Honda” is one of India’s first motorcycle manufacturers. The company started in 1984 as a Technological collaboration with Honda, Japan. Before this collaboration, Hero was selling Cycles under the brand name, Hero Cycles. In 2011, Honda group sold its 26% stake in the company to the Munjals (promoters) and ended the JV. Post the termination of JV, the name of the company was changed to Hero Motocorp.

7. REC

REC is engaged in extending financial assistance across the power sector value chain and is a Systemically Important (Non-Deposit Accepting or Holding) Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI) as an Infrastructure Finance Company (IFC).

8. Oil India

Oil India is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG.

9. Mphasis

Mphasis a global Information Technology (IT) solutions provider specializing in providing cloud and cognitive services, applies next-generation technology to help enterprises transform businesses globally.

10. VST Industries

VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.