BEML rallies over 9% on turnaround in Q4

Shares of BEML, India's leading defence equipment manufacturer, surges over 9 per cent in early trade on Bombay Stock Exchange (BSE) after posting robust fourth quarter earnings.

The company has reported a Rs 85.35 crore profit for the fourth quarter of financial year 2012-13, against a loss of Rs 13.99 crore in the same period the previous fiscal (2011-12).

Buoyed by earnings, shares of company gained as much as 9.51 per cent to trade at Rs 183.60 a piece on the BSE.

In a similar fashion, shares of the company were trading at 181.85 a piece, up 8.28 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 20,146.69, down 0.95 points or 0.00 per cent at 10:18 hours.

Read more about: beml
Story first published: Thursday, May 30, 2013, 13:33 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?