 "BEML hits five-year high; surges 30% post Q4 results")
Shares of BEML were trading higher by 2% at Rs 1,266, extending it’s a month long rally, after reporting a strong set of numbers for the quarter ended March 2015.
The stock hit a high of Rs 1,273, its highest level since January 2010, on the BSE during the intra-day trade.
Since May 28, the shares of defence public sector undertakings have rallied 30% from Rs 977 as compared to 2.6% fall in the S&P BSE Sensex. Thus far in the current calendar year 2015, the stock surged 60% against 2.5% decline in the benchmark index.
The company had reported a net profit at Rs 169 crore for the quarter ended March 31, 2015 against Rs 64 crore in the corresponding quarter of previous fiscal. It posted net loss of Rs 11 crore in December 2014 quarter.
Meanwhile, on June 10, the company said it received an order worth Rs 645 crore from Delhi Metro Rail Corporation (DMRC) for supplying 74 broad gauge coaches.
DMRC signed a contract agreement with BEML for design, manufacture, supply testing and commissioning of the coaches, the company said in a statement.
The stock hit a high of Rs 1,273, its highest level since January 2010, on the BSE during the intra-day trade.
Since May 28, the shares of defence public sector undertakings have rallied 30% from Rs 977 as compared to 2.6% fall in the S&P BSE Sensex. Thus far in the current calendar year 2015, the stock surged 60% against 2.5% decline in the benchmark index.
The company had reported a net profit at Rs 169 crore for the quarter ended March 31, 2015 against Rs 64 crore in the corresponding quarter of previous fiscal. It posted net loss of Rs 11 crore in December 2014 quarter.
Meanwhile, on June 10, the company said it received an order worth Rs 645 crore from Delhi Metro Rail Corporation (DMRC) for supplying 74 broad gauge coaches.
DMRC signed a contract agreement with BEML for design, manufacture, supply testing and commissioning of the coaches, the company said in a statement.