BEML hits 52-week high

BEML rose 1.83% to Rs 1,241.95 at 9:46 IST on BSE after the company said it has received order worth Rs 645 crore from Delhi Metro Rail Corporation.

The announcement was made after market hours yesterday, 10 June 2015.

Meanwhile, the S&P BSE Sensex was up 64.58 points or 0.24% at 26,905.08.

On BSE, so far 26,000 shares were traded in the counter as against average daily volume of 1.36 lakh shares in the past two weeks.

The stock hit a high of Rs 1,263 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 1,236.80 so far during the day. The stock had hit a 52-week low of Rs 514.75 on 26 August 2014.

BEML said that it has received order worth Rs 645 crore from Delhi Metro Rail Corporation (DMRC) for design, manufacture, supply testing and commissioning of 74 no's broad guage Metro Cars for their RS-13 project (Rolling Stock).

BEML's net profit rose 164.3% to Rs 168.85 crore on 64% growth in net sales to Rs 1268.28 crore in Q4 March 2015 over Q4 March 2014.

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 held 54.03% stake BEML (as per the shareholding pattern as on 31 March 2015).

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