BEML gains after strong Q4 outcome

BEML rose 2.51% to Rs 1,062.50 at 15:15 IST on BSE, after net profit jumped 164.3% to Rs 168.85 crore on 58% rise in total income to Rs 1311.29 crore in Q4 March 2015 over Q4 March 2014.

The result was announced after market hours on Friday, 29 May 2015.

Meanwhile, the S&P BSE Sensex was up 33.42 points or 0.12% at 27,861.86

On BSE, so far 2.44 lakh shares were traded in the counter as against average daily volume of 85,372 shares in the past one quarter.

The stock hit a high of Rs 1,151.70 and a low of Rs 1,056.95 so far during the day. The stock had hit a 52-week high of Rs 1,200 on 9 April 2015. The stock had hit a 52-week low of Rs 514.75 on 26 August 2014.

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

BEML was established in May 1964 as a public sector undertaking for manufacture of rail coaches & spare parts and mining equipment at its Bangalore complex. The Government of India holds 54.03% stake in the firm as at 31 March 2015.

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