ALSO READFMCG shares buck trend on defensive buying DQ Entertainment jumps 12.3% in 2 days on sale of Chaplin and Co TV broadcast rights NTPC off 4.6% in 3 days on lower advance tax payment Monnet Ispat vaults 5.72% in 2 days as board to consider share buyback Tech Mahindra, Mahindra Satyam advance on possible merger
The company made this announcement after market hours on Monday, 19 December 2011.
Meanwhile, the BSE Sensex was down 97.59 points, or 0.63% to 15,281.75.
On BSE, 14,663 shares were traded in the counter as against average daily volume of 18,773 shares in the past one quarter.
The stock hit a high of Rs 473.50 and a low of Rs 452.15 so far during the day. The stock had hit a 52-week low of Rs 413 on 19 August 2011. The stock had hit a 52-week high of Rs 1,058 on 3 January 2011.
The stock had outperformed the market over the past one month till 19 December 2011, falling 5.92% compared with Sensex's 6.06% decline. The scrip had also outperformed the market over the past one quarter, declining 3.28% as against Sensex's 8.16% fall.
The mid-cap firm has equity capital of Rs 41.64 crore.
Face value per share is Rs 10.
BEML said that it will manufacture, supply, test and commission 10 train sets of 4-Car each, totaling 40 Cars to Jaipur Metro Project. The company further said that it is anticipating another Rs 60-crore worth order for the Jaipur metro rail project.
With an order book of Rs 6000 crore, BEML is set to achieve a turnover of Rs 4300 crore for the current financial year, the company said in a statement. The company expects turnover of Rs 5000 crore in 2013-14, which is a Golden jubilee year of the company's operations. BEML registered net sales of Rs 2627.98 crore for the year ended March 2011 (FY 2011).
BEML's net profit rose 3.8% to Rs 15.30 crore on 55.6% spurt in net sales to Rs 792.47 crore in Q2 September 2011 over Q2 September 2010.
BEML (formerly Bharat Earth Movers) is a public sector undertaking primarily engaged in manufacturing and supplying equipment to defense & aerospace, rail & metro and mining & construction sectors. Besides, BEML is also into the business of e-Engineering, trading and dredging.
Powered by Capital Market - Live News