Jul 12, 2012, 08.23 AM IST

BHEL a safer bet: VK Sharma

BHEL is a safer bet, says VK Sharma, Head Private Broking & Wealth Management, HDFC Securities.

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BHEL is a safer bet, says VK Sharma, Head Private Broking & Wealth Management, HDFC Securities.


Sharma told CNBC-TV18, "BHEL and L&T have done well. But between the two my sense is rather go along with BHEL looking at the lesser amount of percentage rise that it has had from the bottom. I think positions would be added gradually in all these sectors but BHEL would be a slightly safer bet on the hopes that some policy action might also happen in terms of the import duty changes that might help the domestic sector like BHEL."


BHEL's trailing 12-month (TTM) EPS was at Rs 125.82 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 1.86. The latest book value of the company is Rs 111.10 per share. At current value, the price-to-book value of the company was 2.11. The dividend yield of the company was 2.66%.


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