BEML gains after rolling out final consignment for Delhi Metro project

BEML rose 2.99% to Rs 210 at 14:38 IST on BSE after the company said it has rolled out 136th Metro Car to Delhi Metro Rail Corporation, the final consignment for deployment in the RS-6 Project of Delhi Metro.

The announcement was made after market hours on Friday, 21 February 2014.

Meanwhile, the S&P BSE Sensex was up 83.31 points or 0.4% at 20,784.06.

On BSE, so far 77,000 shares were traded in the counter as against average daily volume of 79,372 shares in the past one quarter.

The stock hit a high of Rs 212 and a low of Rs 201.60 so far during the day. The stock had hit a 52-week high of Rs 264.60 on 22 February 2013. The stock had hit a 52-week low of Rs 126 on 7 August 2013.

The stock had underperformed the market over the past one month till 21 February 2014, sliding 2.95% compared with Sensex's 2.59% fall. The scrip had, however, outperformed the market in past one quarter, surging 12.9% as against Sensex's 2.33% rise.

The small-cap company has equity capital of Rs 41.64 crore. Face value per share is Rs 10.

BEML bagged an order worth Rs 923.44 crore from Delhi Metro in March 2011 for the supply of 136 Intermediate Cars for its prestigious RS-6 Project for replacing the existing 4-Car train sets to 6-Car train sets for enhancing passenger carrying capacity.

BEML reported a net profit of Rs 5.51 crore in Q3 December 2013 as against net loss of Rs 63.34 crore in Q3 December 2012. Net sales rose 15.2% to Rs 772.20 crore in Q3 December 2013 over Q3 December 2012.

State-run BEML is engaged in the manufacture of defence products, mining and construction equipment, rail coaches and metro cars.

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