This Defence & Aerospace stock receives an order worth Rs 675 crore!
The stock gave multibagger returns of 210 per cent in just 3 years whereas the BSE Mid-cap index is up by 110 per cent.
Today, shares of BEML Ltd surged 2.62 per cent to an intraday high of Rs 1451 per share. At 03:30 pm, shares of the company were trading in the green, up 0.79 per cent to Rs 1425.10 per share.
BEML Ltd has received a letter of acceptance for the design, manufacture and commissioning of 10 Trainsets (Sleeper) on the Vande Bharath platform, from Integral Coach Factory, Chennai. The total value of the order is Rs 675 crore, exclusive of taxes.
Bharat Earth Movers Limited manufactures heavy earthmoving equipment for the mining and construction industries, as well as vehicles for the defence forces and coaches for the metro and Indian Railways. The shares of the company saw a spurt in volume by more than 1.01 times on BSE.
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Talking about the financials, BEML has a market cap of Rs 6,000 crore with 3 years CAGR of 43 per cent. In both quarterly and annual financial statements, the company reported positive results. According to annual results, the company reported excellent numbers, where net sales increased by 20.57 per cent and net profit increased by 87 per cent in FY22 over FY21.
The stock has a 52-week high of Rs 1,659 and a 52-week low of Rs 922.74. The stock gave multibagger returns of 210 per cent in just 3 years whereas the BSE Mid-cap index is up by 110 per cent. Investors should keep an eye on this stock for upcoming trading sessions.