BEML LTD. Plunges by 5%; BSE CAPITAL GOODS Index Down 2.3%
May 13, 2019 03:12 PM

BEML LTD. share price has plunged 5% and is presently trading at Rs 856.

Meanwhile, the BSE CAPITAL GOODS Index is at 17,725 (down 2.3%).

Among the top losers in the BSE CAPITAL GOODS Index today are BEML LTD. (down 5.3%) and NBCC (INDIA) LTD (down 5.0%).

GE T&D INDIA (up 3.4%) and AIA ENGINEERING (up 0.5%) are among the top gainers today.

Over the last one year, BEML LTD. has moved down from Rs 1,044 to Rs 856, registering a loss of Rs 187 (down 17.9%)..

The BSE CAPITAL GOODS has moved down from 19,028 to 17,725, loss of 1,303 points (down 6.8%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 35.8%), AIA ENGINEERING (up 22.0%) and ABB INDIA (up 6.9%).

What About the Benchmark Indices?

The BSE Sensex is at 37,584 (down 0.8%). The top gainers among the BSE Sensex stocks today are HDFC (up 1.2%). The most traded stocks in the BSE Sensex are AXIS BANK and INFOSYS.

In the meantime, NSE Nifty is at 11,300 (down 1.1%). BHARTI INFRATEL (up 1.4%) and TECH MAHINDRA (up 1.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,246 to 37,584, registering a gain of 2,338 points (up 5.4%).

BEML LTD. Financial Update...

BEML LTD. net profit stood at Rs 447 million for the quarter ended December 2018, compared to a profit of Rs 167 million a year ago. Net Sales rose 26.3% to Rs 9.2 billion during the period as against Rs 7.3 billion in October-December 2017.

For the year ended March 2018, BEML LTD. reported 53.0% increase in net profit to Rs 1.3 billion compared to net profit of Rs 848.0 million during FY17.

Revenue of the company grew 16.6% to Rs 33 billion during FY18.

The current Price to earnings ratio of BEML LTD., based on rolling 12 month earnings, stands at 37.4x.