BEML surged 4.09% to Rs 650, with the stock extending gains for second day on buying demand.
The stock has added 7.77% in two sessions from its recent closing low of Rs 603.10 recorded on 15 April 2020.
L&T Mutual Fund sold 2.42% stake or 10.07 lakh shares of BEML in the open market on 15 April 2020. The disclosure was made after market hours yesterday (16 April 2020). L&T Mutual Fund's stake in the company has reduced to 2.69% from 5.11% earlier.
State-run BEML operates in three verticals viz. defence & aerospace, mining & construction and rail & metro.
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