BEML LTD. Surges by 5%; BSE CAPITAL GOODS Index Up 0.4%
November 25, 2019 03:16 PM

BEML LTD. share price has zoomed 5% and is presently trading at Rs 993.

Meanwhile, the BSE CAPITAL GOODS Index is at 17,855 (up 0.4%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is BEML LTD. (up 5.1%).

ABB INDIA (down 0.1%) and HONEYWELL AUTOMATION (down 0.3%) are among the top losers today.

Over the last one year, BEML LTD. has moved up from Rs 750 to Rs 993, registering a gain of Rs 243 (up 31.7%).

On the other hand, the BSE CAPITAL GOODS has moved down from 18,431 to 17,855, loss of 576 points (down 3.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were SIEMENS (up 65.4%), HONEYWELL AUTOMATION (up 30.8%) and KALPATARU POWER (up 28.2%).

What About the Benchmark Indices?

The BSE Sensex is at 40,878 (up 1.3%).

The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 6.7%), TATA STEEL (up 4.9%) and INDUSIND BANK (up 3.3%). Other gainers include AXIS BANK (up 3.1%) and VEDANTA LTD (up 2.9%). The most traded stocks in the BSE Sensex are TATA MOTORS and HDFC BANK.

In the meantime, NSE Nifty is at 12,081 (up 1.4%). BHARTI INFRATEL (up 7.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,981 to 40,878, registering a gain of 5,897 points (up 16.9%).

BEML LTD. Financial Update...

BEML LTD. net profit down at Rs 259 million for the quarter ended September 2019, compared to a loss of Rs 447 million a year ago. Net Sales declined 25.6% to Rs 6.9 billion during the period as against Rs 9.2 billion in July-September 2018.

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 48.9x.