Bharat Earth Movers (BEML) is attracting renewed buying as the stock gained over 2 per cent in today's trading. |
According to market sources, apart from strong fundamentals, the rumours of the stock being introduced in the futures and option segment is attracting fresh buying. |
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The stock in the last seven trading session has now appreciated from Rs 155.95 on August 19 to today's close of Rs 186.80, gaining 20 per cent. |
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In today's trading the stock ended 2.33 per cent higher to close on back of impressive volumes of 1.73 lakh shares on the BSE. On the NSE, the counter witnessed volumes of over 4.7 lakh shares. |
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For the first quarter ended June 30, 2004, BEML reported a net profit of Rs 5.19 crore against loss of Rs 16.98 crore in same quarter last year. Its sales grew 16 per cent to Rs 368.53 crore. As on 31 March 2004, BEML had an order book position of Rs 2150 crore. |
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