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BEML Gains 6%; BSE CAPITAL GOODS Index Up 0.1%
Wed, 16 Oct 9:40

BEML Gains 6%; BSE CAPITAL GOODS Index Up 0.1%Image source: phive2015/www.istockphoto.com

BEML share price has zoomed 6% and is presently trading at Rs 3,950.1.

Meanwhile, the BSE CAPITAL GOODS index is at 72,455.8 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (up 1.2%) and Thermax (up 0.7%).

V GUARD IND. (down 1.3%) and Graphite India (down 0.7%) are among the top losers today.

Over the last one year, BEML has moved up from Rs 2,419.9 to Rs 3,950.1, registering a gain of Rs 1,530.2 (up 63.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,111.6 to 72,455.8, registering a gain of 50.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 135.7%), Siemens (up 119.7%) and Bharat Electronics (up 111.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,769.7 (down 0.1%).

The top losers among the BSE Sensex today are Nestle (down 1.6%) and M&M (down 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,068.5 . HDFC LIFE INSURANCE and IOC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,769.7, registering a gain of 15,602.8 points (up 23.6%).

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 57.5.


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