Do you own this Defence & Aerospace stock, which received an order worth Rs 377.98 crore?
In both quarterly and annual financial statements, the company reported positive results.
Today, shares of BEML Ltd surged 4.54 per cent to an intraday high of Rs 1439.95 per share. At 03:30 pm, shares of the company ended the day higher, up 0.58 per cent to Rs 1385.40 per share. The company has also announced a dividend of Rs 5 per equity share as of record date which is fixed as February 24, 2023.
BEML Ltd has updated that the company has received an order for the supply of 118 nos of track-width mine plough (TWMP) for Arjun MBT MK-1A from HVF, Avadi. The consolidated value of the order is Rs. 377.98 crore approximately, the supplies are expected to be completed by January 2026.
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.
Talking about the financials, BEML has a market cap of Rs 5,769.43 crore with 3 years CAGR of 22 per cent. In both quarterly and annual financial statements, the company reported positive results. In Q3FY22, the net sales were recorded at Rs 1037 crore and the net profit at Rs 66. The stock has a 52-week high of Rs 1,659 and a 52-week low of Rs 922.74.
Investors should keep an eye on this Mid-Cap stock for upcoming trading sessions.