Power equipment makers such as Bharat Heavy Electricals Limited (BHEL), BGR Energy Systems, BF Utilities, Thermax and Siemens are trading higher for the second day in a row on reports that the government will consider imposing higher duty on imported power equipment, which may work to the advantage of domestic power equipment manufacturers.
BHEL is trading higher by 3% at Rs 339, extending previous day’s over 4% rally on the National Stock Exchange. A combined 1.9 million shares have changed hands on the counter till 1036 hours.
BF Utilities is up 4% at Rs 508, followed by BGR Energy Systems (up 3%) and Siemens (up 2%).
