Book profits in BHEL, says Manoj Murlidharan

Book profits in BHEL, says Manoj Murlidharan Vayalar of IIFL.

Murlidharan told CNBC-TV18, "In BHEL I guess Rs 194 was a low where there was huge delivery-based buying, which had come. I guess on 6th September or 7th September and from that level we are seeing long built up coming up into the cash market as well as the derivative side. So, this stock has moved up. I am not really seeing it beyond a Rs 254 odd. So, I feel this would be a time we should be booking our profits at least in BHEL."
The company's trailing 12-month (TTM) EPS was at Rs 125.82 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 1.96. The latest book value of the company is Rs 103.67 per share. At current value, the price-to-book value of the company was 2.38. The dividend yield of the company was 2.59%.