Bharat Heavy Electrical Limited (BHEL) is trading higher by 2.2% at Rs 238 after the government has imposed 35% safeguard duty on electrical insulators imported from China.
“The safeguard duty would be for a period of two years — 35% for first year and 25% in subsequent year, according to the revenue department,” the PTI report suggests.
The stock opened at Rs 236 and hit a high of Rs 239 on the NSE. A combined 1.41 million shares have changed hands on the counter so far on both the exchanges.