BHEL can move to Rs 252-260, says Ambareesh Baliga of Way2Wealth.
Baliga told CNBC-TV18, "It make sense again looking at the price points for stocks like BHEL or L&T, because clearly with a sort of correction which we have seen in these past so many months, valuation-wise they look extremely attractive and especially BHEL. We clearly don’t see it below that Rs 203-205 mark whereas the upside right now could be about Rs 252-260."
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 1.75. 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 1.98. The dividend yield of the company was 2.84%.
The share touched its 52-week high Rs 414.88 and 52-week low Rs 197.80 on 04 Jul, 2011 and 18 May, 2012, respectively.
Currently, it is trading -47.04% below its 52-week high and 11.07% above its 52-week low.
Market capitalisation stands at Rs 53,773.77 crore.
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