BEML rose 0.93% to Rs 582.50 at 15:09 IST on BSE after the company said it bagged a Rs 570 crore order from Delhi Metro Rail Corporation.
The announcement was made during trading hours today, 8 October 2014.
Meanwhile, the BSE Sensex was down 9.93 points, or 0.04%, to 26,262.04.
On BSE, so far 90,000 shares were traded in the counter, compared with an average volume of 45,344 shares in the past one quarter.
The stock rose 4.83% at the day's high of Rs 605.05 so far during the day. The stock fell 0.37% at the day's low of Rs 575 so far during the day.
The stock hit a 52-week high of Rs 877.50 on 25 June 2014. The stock hit a 52-week low of Rs 165.75 on 8 October 2013.
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The stock had underperformed the market over the past one month till 7 October 2014, falling 11.75% compared with 2.79% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 29.23% as against Sensex's 0.66% rise.
The small-cap company has an equity capital of Rs 41.64 crore. Face value per share is Rs 10.
BEML has bagged an order worth Rs 570 crore from Delhi Metro Rail Corporation (DMRC) for the supply of 70 cars, which are in addition to 92 cars being manufactured for Delhi Metro.
BEML forayed into manufacturing and supplying of hi-tech metro cars during 2002. Since then, BEML had made significant strides and emerged as the preferred destination of metro coach manufacturer in the country. BEML has so far supplied more than 700 Metro Cars to Delhi Metro, Bangalore Metro and Jaipur Metro.
With the above order, the order book position of the company, representing all the three business verticals viz., mining & construction, rail & metro and defence business, has crossed Rs 6400 crore mark, the company said.
BEML reported a net loss of Rs 95.53 crore in Q1 June 2014 compared with net loss of Rs 25.84 crore in Q1 June 2013. Sales fell 15.6% to Rs 498.08 crore in Q1 June 2014 over Q1 June 2013.
BEML is mainly into manufacturing of equipments for mining & construction, defence and rail & metro.
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