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BEML falls 18% in three days after clarification on stake sale report

The stock hit a 52-week low of Rs 1,112, down 7% on the BSE in intra-day trade today

BEML falls 18% in three days after clarification on stake sale report
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SI Reporter Mumbai
BEML hit a 52-week low of Rs 1,112, down 7% on the BSE in intra-day trade, extending its past two days decline, after the company said it is not aware of government in principle approval to sell 26% stake in the company.

In past three trading sessions, the stock dipped 18% from Rs 1,362 on Monday, as compared to unchanged in the S&P BSE Sensex.

“We would like to clarify that the Company is not aware of any information related to the said new item,” BEML said with reference to news flashed on ET Now dated March 05,