BEML fell 2.67% to Rs 1,097.50 at 15:22 IST on BSE on profit booking after the stock rose 7.25% in the preceding five trading sessions to Rs 1,127.60 on 1 December 2015, from a recent low of Rs 1,051.40 on 23 November 2015.
Meanwhile, the BSE Sensex was down 52.91 points, or 0.20%, to 26,116.50.
On BSE, so far 25,000 shares were traded in the counter, compared with an average volume of 25,396 shares in the past one quarter.
The stock hit a high of Rs 1,134 and a low of Rs 1,089.45 so far during the day. The stock hit a 52-week high of Rs 1,609 on 21 July 2015. The stock hit a 52-week low of Rs 640.10 on 17 December 2014.
The stock had underperformed the market over the past one month till 1 December 2015, sliding 3.36% compared with 1.83% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.64% as against Sensex's 1.84% decline.
The mid-cap company has an equity capital of Rs 41.64 crore. Face value per share is Rs 10.
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BEML reported net loss of Rs 30.16 crore in Q2 September 2015 as against net loss of Rs 55.14 crore in Q2 September 2014. Net sales rose 38.04% to Rs 617.08 crore in Q2 September 2015 over Q2 September 2014.
BEML was established in May 1964 as a public sector undertaking for manufacture of rail coaches & spare parts and mining equipment at its Bangalore complex. The Government of India held 54.03% stake BEML (as per the shareholding pattern as on 30 September 2015).
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