BEML gains on introducing high-end earthmoving equipment in China

09 Nov 2011 Evaluate

BEML is currently trading at Rs. 553.00, up by 4.95 points or 0.90% from its previous closing of Rs. 548.05 on the BSE.

The scrip opened at Rs. 550.00 and has touched a high and low of Rs. 553.10 and Rs. 550.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1170.00 on 01-Nov-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. 557.60 and Rs. 516.00 respectively. The current market cap of the company is Rs. 2,302.00 crore.

The promoters holding in the company stood at 54.03% while Institutions and Non-Institutions held 34.92% and 11.05% respectively.

BEML, the premier public sector company under the Ministry of Defense, engaged in the manufacture and supply of equipment to core sectors of economy viz., mining and construction, rail and metro, defence & aerospace and also into the trading and e-Engineering businesses, has partaken and showcased its world-class high-end earthmoving equipment like Dozers, Excavators, Dumpers, Motor Grader etc. in the ‘China Mining Congress and Expo-2011’ being held at Tianjin, China from 6th to 8th November 2011.

BEML has its export market base in over 55 countries across the globe for its mining and construction equipment besides having local BEML establishments in China, Indonesia, Malaysia and Brazil. While China and Malaysia offices are presently operated for global sourcing, the establishments at Indonesia and Brazil are to market and provide services to its overseas customers.

BEML has achieved a turnover of $805 million during 2010-11 and for the current year it is set to achieve a turnover of $1 billion.

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.

BEML Share Price

3971.50 155.95 (4.09%)
25-Nov-2024 11:57 View Price Chart
Peers
Company Name CMP
BEML 3971.50
Action Const. Equip 1252.80
Sanghvi Movers 322.20
Brady & Morris Engg 1591.70
TIL 276.25
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