Rs 11,872 crore order book and FIIs increase stake: Heavy buying witnessed in this multibagger railway and defence stock; hits fresh 52-week high!
Shares of the company gained more than 50 per cent in the last six months.
Shares of BEML Limited gained more than 8 per cent on Friday. The stock also made a new 52-week high On Friday. The stock has witnessed heavy buying activity from investors in the last few days. BEML is an established player with a wide range of products in the mining and construction, defence and aerospace, and rail and metro segments. The company is almost 60 years old and has been supplying its products and services to reputed clients including Coal India Limited, the Ministry of Defence, and various metro rail corporation among others.
Recently, BEML Limited secured a significant order worth Rs. 250 crores from Northern Coal Fields Limited (NCL) for supplying 28 units of BH100 rear dump trucks. These heavy-duty trucks are designed to efficiently handle overburden and coal in mining operations. This win strengthens BEML's position as a key supplier of mining equipment in India.
BEML Limited has posted strong Quarterly Results in Q4FY24. The revenue of the company stood at Rs 1513.65 crore which grew by 9.06 per cent YoY. The operating profit of the company stood at Rs 374.99 crore which grew by 22.64 per cent on a YoY basis, while the PAT of the company stood at Rs 256.80 crore, which increased by 62.85 per cent on a YoY basis. FIIs increased their stake in the company in March 2024. The company has an order book of Rs 11,872 crore. The shares of BEML Limited have also delivered multibagger returns to its shareholders in the last one year, a return of about 210 per cent.
BEML Limited is targeting significant growth in the coming years. Their order book is expected to jump from Rs 11,872 crore to Rs 20,000-30,000 crore by FY25. BEML Limited (formerly Bharat Earth Movers Limited) was established in May 1964 as a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. Currently, the company operates under three major Business verticals viz., Mining & Construction, Defence, and Rail & Metro.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Rs 85,000 Crore Order Book: This PSU Railway Infra Company bagged Order Worth Rs 495 Crore from NTPC; Secured Back-to-Back 3 orders worth Rs 954 Crore in just 1 week!
-
Rs 7,10,166 lakh order book and 2,700 per cent returns: Heavy buying witnessed in this multibagger railway stock; hits fresh 52 weeks high!
-
This small-cap defence stock jumps over 10 per cent, reaches 52-week high, breaks out from bullish pattern: complete details inside!
-
Rs 23,592 crore order book and FIIs increase stake: This multibagger shipbuilding stock bags new order worth USD 1,65,75,210 from Bangladesh!
-
2,500 per cent returns and FIIs increase stake: Heavy buying witnessed in this multibagger railway stock with Rs 7,10,166 lakh order book!
-
Rs 29,436 crore order book and FIIs & DIIs increase stake: This multibagger railway stock secures new orders worth Rs 630 crore!
-
Rs 82,000 crore order book and FIIs increase stake: This multibagger aerospace and defence stock bags Rs 8,073 crore order from the Ministry of Defence!
-
Rs 23,739 crore order book and FIIs increase stake: This multibagger shipbuilding company signs MoU to develop Electric Tugs; bags new order worth Rs 840 crore!
-
This multibagger stock surged more than 6 per cent to make a new 52-week high!
-
Rs 9,355 crore order book and FIIs increase stake: This multibagger heavy equipment stock bags new order worth Rs 513 crore for 600 MW greenfield energy project!
-
10:1 Stock Split & 5 Days Back-to-Back Upper Circuit: Promoters Purchase Shares of this Multibagger Company; Stock Available Under Rs 80 Each!
-
6 Days Back-to-Back Upper Circuit Ashish Kacholia-Backed Multibagger Engineering Stock: Gains Around 110 per cent in Just 1 Month Only!
-
120 Per cent in just 1 Month & Rs 22,650 Crore Order Book: Shipping Stock Hits 52-Week High Recently Bagged Order Worth Rs 21 million USD from Ministry of Defence!
-
Vijay Kedia Backed Multibagger Cybersecurity Company's Stock Hits Upper Circuit Today; Here's Why!
-
1:1 Bonus Shares Announced by This Micro-Cap Multibagger Company; Stock Gains Over 250 Per cent!
-
Rs 1,97,067 million Order Book & FIIs Increased Stake: This Multibagger Infra Company Bags Order Worth Rs 572 Crore, Stock Rallies and Hits 52-Week High Today!
-
Heavy Buying LIC & SBI-Backed Stock Under Rs 30: Stock rallied over 10 per cent Today, FIIs Purchased 200,93,67,970 Shares!
-
Rs 10,887 million order book and 250 per cent returns: Mukul Agrawal backed multibagger stock bags new order worth Rs 156.50 crore!
-
Promoters & FIIs Increased Stake: This Small Cap Company Bags Order Rs 60,00,00,000 from Bin Awadh Alnaqeeb Group in Yemen!
-
1,200 per cent returns and Rs 85,000 crore order book: This multibagger railway stock emerges as a lowest bidder for order worth Rs 132,59,20,130!