This company’s shares soars 2% on Wednesday after receiving an order worth Rs. 101 Cr. The Stock touched a new 52-week high at Rs. 2,183.70 on the same day. The stock currently trading above the 50-days and 200-days moving averages and the stock has delivered 55% returns in 6 months.
BEML Ltd
The company belongs to a small-cap category, with a market capitalization of Rs. 8,848 Cr. On Wednesday stock opened at Rs. 2,115 and currently, shares were trading 2% up at Rs. 2,124.65.
According to the company filing, BEML Ltd has received an order from the Ministry of Defence for the supply of command Post Vehicles with a contract value of Rs. 101 Cr.
The company posted a consolidated net loss of Rs. 75.01 Cr in Q1 FY24 against Rs. 82.36 Cr in Q1 FY23, and its total revenue decreased to Rs. 578.11 Cr from Rs. 669.95 Cr in Q1 FY23.
As per the latest shareholding data, Promoters Hold 54.03%, DIIs hold 19.51%, FIIs hold 6.08% and Public hold a 20.38% stake in this company.
The public sector company BEML Limited, formerly known as Bharat Earth Movers Limited, was founded in May 1964. The company operates in three major industry sectors: mining and construction, rail and metro, and defence and aerospace.
Written by Sheshadri N
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