Jupiter Wagons (JWL) surged 9% to ₹337.70 on the back of over four-fold jump in the average trading volumes; the stock has zoomed 30% in two days.
Elara Securities has maintained a 'Buy' on the stock, citing expected double-digit earnings growth during FY25-28E, and a rising order pipeline ensuring steady revenue visibility
Market experts attributed the weakness to a combination of valuation concerns, liquidity pressures and profit booking.
The Nifty Defence index has shed nearly 3 per cent in November, with stocks such as BEML, MIDHANI and HAL among others falling up to 17% despite 1% gain on the Nifty 50.
At 12:03 PM on Monday; NSE India Defence index was the top loser among sectoral indices, down 2 per cent, as compared to 0.08 per cent rise in the Nifty 50.
At 01:40 PM on Friday; Nifty India Defence index was the top gainer among sectoral indices, up 0.85 per cent as compared to 0.43 per cent decline in the Nifty 50.
State-owned BEML on Wednesday reported a 5.8 per cent decline in consolidated profit to Rs 48.03 crore in the quarter ended September 30, 2025, on account of lower income. The company had posted a consolidated profit of Rs 51.03 crore in the year-ago period. Its consolidated income during the July-September period fell to Rs 846.13 crore against Rs 874.70 crore in the year-ago period. BEML serves core sectors like defence, rail and mining. It operates under three major verticals defence and aerospace, mining and construction and rail and metro.
State-owned BEML on Friday said it has joined hands with Italy's Tesmec, S.p.A to introduce surface miner equipment for mining operations in the country. Surface miner equipment refers to heavy machinery used in open-cast mining operation. This includes surface miners, which cut and crush rock and soil without drilling or blasting. Other types of surface mining equipment include draglines, bucket-wheel excavators, blasthole drills, dozers, and large mining trucks. In a filing to the BSE, the company said, "BEML Ltd and Tesmec, S.p.A Italy have entered into a Memorandum of Understanding (MoU), for introducing surface miner equipment by BEML for mining application." Being India's leading mining and construction equipment manufacturer, BEML offers a comprehensive and diverse range of mining machinery for both opencast and underground mines. BEML produces machines such as hydraulic excavators, bulldozers, wheel loaders, wheel dozers, dump trucks, motor graders, pipe layers, tyre handl
BEML Shares Price Today: The buying on the counter came after the company inked a memorandum of understanding (MoU) with Tesmec for introducing surface miner equipment for mining applications
Around 7:20 AM, GIFT Nifty futures were down 41.6 points at 25,614.5, indicating a negative start.
State-owned BEML has partnered with Kineco Ltd to work in the field of advanced composite manufacturing for defence and aerospace applications. The Memorandum of Understanding (MoU) was exchanged in the presence of BEML CMD Shantanu Roy, and Shekhar Sardessai, Founder and CMD, Kineco Limited, along with senior officials from both organisations in the national capital. As part of the collaboration, BEML and Kineco will jointly engage in the development and manufacturing of carbon fibre reinforced polymer (CFRP) structures, glass fibre reinforced polymer (GFRP) panels and components, honeycomb cores, foams, and bonding consumables for metallic detail parts. These advanced materials are integral to next-generation aerospace and defence systems, offering lightweight strength, enhanced durability, and superior performance. "By integrating Kineco's composite manufacturing expertise with BEML's engineering excellence, we aim to create world-class solutions that reinforce India's pursuit o
Stocks to Watch today, September 29, 2025: From Tata Motors, Oil India to Shriram Finance, here is a list of stocks that will be in focus
At 10:32 AM; Nifty India Defence index was up 2.6 per cent, as compared to 0.28 per cent rise in Nifty 50.
Nifty failed to surpass the nearest resistance of its 5-day DEMA (24613) on a closing basis. However, the fall from the highs is not a definitive sign that the bullish momentum has completely faded.
BEML share price rallied today after the company announced that it has secured its maiden overseas contract in the Rail and Metro segment from Malaysia.
Thus far in the month of July, Nifty India Defence index has underperformed the market by falling 12 per cent, as against 3.3 per cent decline in Nifty 50.
BEML Limited, a Schedule 'A' public sector enterprise under the Ministry of Defence, on Friday said that it has entered into a strategic MoU with Hindustan Shipyard Limited (HSL) to collaborate on the co-creation of advanced marine systems-encompassing innovation, indigenous design, manufacturing, and end-to-end lifecycle support. The memorandum of understanding was formally exchanged at BEML's Delhi office today. "This strategic collaboration is set to unlock global-standard capabilities in marine infrastructure and shipyard logistics through the co-development of these advanced engineering systems. These technologies are critical for supporting both defence and commercial maritime operations," BEML Ltd said in a statement. Commenting on the partnership, Shantanu Roy, CMD of BEML Ltd, said: "This collaboration with HSL marks a defining moment in BEML's expansion into the marine sector. It is a strategic convergence of two national institutions committed to engineering excellence, .
BEML shares rose 3 per cent after it bagged a ₹294 crore order from the Ministry of Defence for HMV 6X6 supply
BEML Limited, a Schedule 'A' public sector enterprise under the Ministry of Defence, on Wednesday said it has received an order worth Rs 293.81 crore from the Ministry of Defence for the supply of 150 indigenously designed high mobility vehicles (HMVs) 6x6. The vehicles will primarily be manufactured at BEML's Palakkad and Mysore plants, with additional production to be undertaken at other divisions based on operational feasibility, the PSU said in a statement. Designed to deliver high reliability and versatility, the 6x6 HMVs are built to operate effectively in extreme terrains, diverse climatic conditions and at high altitudes, it explained. Key features of the HMVs include an independent suspension system, a high-power air-cooled engine, a central tyre inflation system, an anti-lock braking system, and a backbone tube chassis design ensuring superior mobility, stability, and operational safety. "This order showcases BEML's expertise and capacity in delivering advanced indigenou
On Monday, BEML shares closed the trading session at ₹4,372, down by 0.67 per cent on the National Stock Exchange