Buy BGR Energy Systems: Baliga

Buy BGR Energy Systems, says Ambareesh Baliga, COO, Way2Wealth.

Baliga told CNBC-TV18, "We track the capital good space and we have been quite positive on stocks like BHEL."

He further added, "Among the smaller ones in the same space, we are quite positive on BGR Energy Systems. We had seen lower levels in the last two months after that we had seen a good bounce back but we still have a price target of around Rs 725-750 for BGR, so that is one stock we still recommend to buy at the current levels.'

BGR Energy trailing 12-month (TTM) EPS was at Rs 46.33 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 12.26. The latest book value of the company is Rs 97.50 per share. At current value, the price-to-book value of the company was 5.83. The dividend yield of the company was 1.23%.