BEML fell 1.72% to Rs 311.90 at 10:41 IST on BSE after the company reported net loss of Rs 39.44 crore in Q1 June 2012, compared with net profit of Rs 15.87 crore in Q1 June 2011.
The company announced the results after market hours on Monday, 6 August 2012.
Meanwhile, the BSE Sensex was up 94.75 points or 0.54% to 17,507.71.
On BSE, 32,000 shares were traded in the counter as against average daily volume of 35,933 shares in the past one quarter.
The stock hit a low of Rs 308 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 314.90 so far during the day. The stock had hit a 52-week high of Rs 702.15 on 16 March 2012.
The stock had underperformed the market over the past one month till 6 August 2012, sliding 22.03% compared with the Sensex's 0.62% fall. The scrip had also underperformed the market in past one quarter, tumbling 38.83% as against the Sensex's 3.46% rise.
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The company has equity capital of Rs 41.64 crore. Face value per share is Rs 10.
BEML's net sales declined 25.1% to Rs 413.91 crore in Q1 June 2012 over Q1 June 2011.
BEML (formerly Bharat Earth Movers) operates under three major business verticals - viz. mining & construction, defence and rail & metro. Additionally there are three Strategic Business Units (SBUs): technology division for providing end-to-end engineering solutions, trading Division for dealing in non-company products and international business division for export activities.
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