Shares of BEML hit a new high of Rs 2,424.95 as they rallied 10 per cent on the BSE in Tuesday’s intra-day trade on strong order book position of over Rs 10,000 crore. In the past five months, the stock has zoomed 94 per cent as compared to 12 per cent rise in the S&P BSE Sensex.
As on June 30, 2023, BEML’s order book position stood Rs 9,800 crore, of which Rs 3,026 crore will be executed in the current year and the remaining Rs 6,774 crore in subsequent years, the company said.
On August 7, BEML secured Letter of Acceptance from Bangalore Metro Rail Corporation (BMRC) for supply of Rolling stock contract 5RS-DM valued at approximately Rs 3,177 crore.
