BEML is currently trading at Rs. 497.25, up by 8.00 points or 1.64% from its previous closing of Rs. 489.25 on the BSE.
The scrip opened at Rs. 495.00 and has touched a high and low of Rs. 502.00 and Rs. 494.50 respectively. So far 1,667 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1174.40 on 13-Oct-2010 and a 52 week low of Rs. 413.00 on 19-Aug-2011.
Last one week high and low of the scrip stood at Rs. 503.90 and Rs. 445.05 respectively. The current market cap of the company is Rs. 2,070.00 crore.
The promoters holding in the company stood at 54.03% while Institutions and Non-Institutions held 36.26% and 9.71% respectively.
BEML, the premier public sector company under the Ministry of Defense, engaged in the manufacture and supply of equipment to core sector of the economy’s viz, Mining and Construction, Rail and Metro, Defense and Aerospace, trading and e-Engineering has forayed into Dredging business.
To exploit the emerging opportunities in the Dredging business on account of Marinetime Agenda announced by Government of India, which emphasizes on navigable depth of waterways, BEML has signed a Memorandum of Agreement (MoA) with globally renowned Dredging Company, viz, Vosta LMG, Netherlands for the design, construct and deliver various type of Dredgers and other vessels to customers located in India and South East Asia.
BEML is a Public Sector Undertaking, operates on three major business verticals for associated equipment manufacturing namely mining and construction, defence and rail and metro. It manufactures rail coaches and spare parts and mining equipment at its Bangalore complex.