Zenith Birla is one of the top picks among the highest dividend yielding stocks. As of 1st July 2011, the yield was 30.58% as per the current priceof Rs. 6.54 and latest dividend of 20% declared on 31.03.2010. The company belongs to birla group manufacturing steel pipes and tubes with units located in Maharashtra. The reserves and surplus as on 31.03.2010 is Rs.131.04 crores against the share capitalof Rs.53.74 crores. PE ratio is 7.91.
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