BEML slips after poor Q1 numbers

BEML fell 4.42% to Rs 1,311.70 at 9:47 IST on BSE after the company reported net loss of Rs 74.87 crore in Q1 June 2015, lower than net loss of Rs 95.53 crore in Q1 June 2014.

The result was announced after market hours on Friday, 14 August 2015.

Meanwhile, the BSE Sensex was down 270.87 points, or 0.97%, to 27,796.44.

On BSE, so far 14,000 shares were traded in the counter, compared with an average volume of 60,752 shares in the past one quarter.

The stock hit a high of Rs 1,350 and a low of Rs 1,310.05 so far during the day. The stock hit a 52-week high of Rs 1,609 on 21 July 2015. The stock hit a 52-week low of Rs 514.75 on 26 August 2014.

The stock had outperformed the market over the past one month till 14 August 2015, rising 2.01% compared with 0.48% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 49.44% as against Sensex's 3.17% rise.

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

BEML's total income rose 17.7% to Rs 597.35 crore in Q1 June 2015 over Q1 June 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 30 June 2015).

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