This PSU stock has zoomed 111% thus far in 2021, up 31% in the last 6 days

Brickwork Ratings said it will continue to monitor the strategic disinvestment process of BEML and take appropriate rating action as and when necessary

Shares of BEML hit a new high of Rs 2,041, on rallying 10 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes after Brickwork Ratings India assigned BWR AA ratings to the company’s bank loan facilities with stable outlook.

In the past six trading days, the stock of state-owned commercial vehicles company has surged 31 per cent. Thus far in the calendar year 2021, the stock price of BEML has zoomed 111 per cent, as compared to 21.8 per cent rise in the S&P BSE Sensex.

At 01:46 pm; BEML was trading 9 per cent