19% import duty likely on power equipment; BHEL reacts

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19% import duty likely on power equipment; BHEL reacts

Shares of major BHEL gained more than 4% today, on reports that government is mulling a 19% import duty on power equipment for mega projects.

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Shares of major Bharat Heavy Electricals (BHEL) gained more than 4% today, on reports that government is mulling a 19% import duty on power equipment for mega projects.

It touched an intraday high of Rs 317.40 and an intraday low of Rs 308. At 09:48 hrs the share was quoting at Rs 316.70, up Rs 13.25, or 4.37%.
 
It was trading with volumes of 467,283 shares. In the previous trading session, the share closed up 6.53% or Rs 18.60 at Rs 303.45.

The company's trailing 12-month (TTM) EPS was at Rs 125.82 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 2.52. The latest book value of the company is Rs 82.34 per share. At current value, the price-to-book value of the company was 3.85. The dividend yield of the company was 1.97%.