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BEML Gains 5%; BSE CAPITAL GOODS Index Up 1.3%
Wed, 30 Oct 11:58

BEML Gains 5%; BSE CAPITAL GOODS Index Up 1.3%Image source: StarLineArts/www.istockphoto.com

BEML share price has zoomed 5% and is presently trading at Rs 3,990.1.

Meanwhile, the BSE CAPITAL GOODS index is at 68,172.9 (up 1.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are BHEL (up 3.1%) and Graphite India (up 2.8%).

Honeywell Automation (down 7.6%) and V GUARD IND. (down 1.0%) are among the top losers today.

Over the last one year, BEML has moved up from Rs 2,016.9 to Rs 3,990.1, registering a gain of Rs 1,973.2 (up 97.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,914.5 to 68,172.9, registering a gain of 48.5% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 134.0%), Bharat Electronics (up 120.7%) and Siemens (up 103.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,243.9 (down 0.2%).

The top losers among the BSE Sensex today are ICICI Bank (down 1.7%) and Axis Bank (down 1.1%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Motors.

In the meantime, NSE Nifty is at 24,437.3 (down 0.1%). Cipla and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,243.9, registering a gain of 16,131.3 points (up 25.2%).

BEML Financial Update...

BEML net profit grew 6.1% YoY to Rs -705 million for the quarter ended June 2024, compared to a loss of Rs 750 million a year ago. Net sales rose 9.9% to Rs 6,341 million during the period as against Rs 5,769 million in April-June 2023.

For the year ended March 2024, BEML reported 78.5% increase in net profit to Rs 2,818 million compared to net profit of Rs 1,579 million during FY23. Revenue of the company grew 4.0% to Rs 40,543 million during FY24.

The current Price to earnings ratio of BEML, based on rolling 12 month earnings, stands at 58.0.

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