28 Nov 2024

BEML Surges After Bagging ₹2501 Crore Chennai Metro Order

Shares of BEML climbed to ₹4270.00 on the BSE, gaining 82.10 points or 1.96% from its previous close of ₹4187.90. The stock opened at ₹4201.00 and reached an intraday high of ₹4338.95, while the low stood at ₹4185.80. A total of 19,033 shares have been traded so far.

In the past week, the stock ranged between ₹4338.95 and ₹3709.55. BEML’s 52-week high is ₹5489.15 (July 5, 2024), and its low is ₹2385.00 (December 5, 2023). The company’s market capitalization stands at ₹17,912.97 crore.

Promoter holding in BEML is 54.03%, with institutional and non-institutional investors holding 24.18% and 21.79%, respectively.

BEML secured a significant order worth ₹2501 crore from Chennai Metro Rail Ltd. for designing, manufacturing, supplying, and maintaining metro rail coaches and depot equipment over a 15-year period. The company, a public sector enterprise, specializes in manufacturing rail coaches, spare parts, and mining equipment.