 "BEML surges on strong Q4 results")
Shares of BEML has surged 9% to Rs 1,128 on the NSE after reporting nearly three-fold rise in net profit at Rs 169 crore for the quarter ended March 31, 2015 (Q4) on the back of higher income from operations.
The government owned company had profit of Rs 64 crore in the year-ago quarter and a loss of Rs 11 crore in previous quarter.
Total income from operations during the quarter increased by 64% to Rs 1,279 crore against Rs 780 crore in the corresponding quarter of previous fiscal, BEML said in a regulatory filing.
The stock opened at Rs 1,122 and touched high of Rs 1,141 on the NSE. A combined 268,470 shares changed hands on the counter on the NSE and BSE.
The government owned company had profit of Rs 64 crore in the year-ago quarter and a loss of Rs 11 crore in previous quarter.
Total income from operations during the quarter increased by 64% to Rs 1,279 crore against Rs 780 crore in the corresponding quarter of previous fiscal, BEML said in a regulatory filing.
The stock opened at Rs 1,122 and touched high of Rs 1,141 on the NSE. A combined 268,470 shares changed hands on the counter on the NSE and BSE.