BEML gains 5% as Porinju's firm picks stake; stock surges 51% in five weeks

Shares of BEML rallied 5 per cent to hit a 10-month high of Rs 923 on the National Stock Exchange (NSE) on Friday after bulk deal data showed that Porinju Veliath's Equity Intelligence India bought 265,000 shares of the company at Rs 847.63 per share on Thursday. The name of the seller could not be immediately ascertained.
 

The stock of the state-owned defence company has surged 16 per cent in the past two days. Over the period of five weeks, the stock has managed to outperform the market with a 51 per cent rally, as compared to a 7.5 per