BPCL looks attractive: TS Harihar

BPCL is looking attractive, says TS Harihar, Co-Head Institutional Derivatives, ICICI Securities.

Harihar told CNBC-TV18, "BPCL has corrected from Rs 800 plus to around Rs 560-570. If you look at BPCL in dividend yield terms at current price it gives a dividend yield close to 3.75-4%. Now by any global definition, I think a 4% dividend yield makes the stock extremely attractive, I think that is what is driving the buying interest in the stock at this point of time." The company's trailing 12-month (TTM) EPS was at Rs 41.67 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 14.19. The latest book value of the company is Rs 361.97 per share. At current value, the price-to-book value of the company was 1.63. The dividend yield of the company was 2.37%.