The Country's oldest and largest state-owned engineering and manufacturing enterprise, Bharat Heavy Electricals Ltd. (BHEL) rose more than 4.5% in early trade on the Bombay Stock Exchange (BSE) on reports that government is considering a 19% import duty on power equipment's for mega projects.
Shares of the company touched an intraday high of Rs 317.40 and an intraday low of Rs 308. At 10:25 am IST, the shares were trading at Rs 315.5, up Rs 11.70, or 3.86%.
In a similar fashion, shares of the company were trading at Rs 317.70, up 4.66% on the National Stock Exchange.
Meanwhile, the broader benchmark Sensex was quoting at 18,414.35 up 125.00 points at 2:15 hours.