/ BEML Bags Order Worth Rs 1421 Crore From BMRCL ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 27 March 2017

Bharat Earth Movers Limited (BEML), on Monday, announced that the Company has bagged an order worth Rs 1421 crore from Bangalore Metro Rail Corporation Limited (BMRCL).

The stock on the NSE since its opening was trading in red, but soon after the announcement witnessed a sharp surge and is now trading in green. The stock is trading at Rs 1306 per share, up by Rs 3 or 0.2%. It hit an intraday high of Rs 1319; and an intraday low of Rs 1282 per share.

The stock has delivered over 18% returns in a period of one year, underperforming the BSE Mid-cap and BSE Capital Goods indices over the same time span.

BEML Limited is engaged in the manufacture of rail coaches and spare parts; and mining equipment. The Company offers Bulldozer, Excavator, Motor Grader, Wheel Loader, Dump Trucks, Railway Coaches, Rail Wagons, Metro Cars and Defense equipments. The company’s segments are Mining & Construction Business, Defence Business and Rail & Metro Business.

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