BEML advanced 5.68% to Rs 1,237 at 09:18 IST on BSE after net profit increased 27.11% to Rs 186.40 crore on 18.19% increase in total income to Rs 1345.67 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 30 May 2017.Meanwhile, the S&P BSE Sensex was up 25.91 points, or 0.08%, to 31,185.31. The S&P BSE Mid-Cap index was up 92.31 points, or 0.64%, to 14,582.07.
On BSE, so far 10,000 shares were traded in the counter, compared with an average volume of 33,379 shares in the past one quarter. The stock hit a high of Rs 1,249 and a low of Rs 1,194 so far during the day. The stock hit a 52-week high of Rs 1,440 on 27 April 2017. The stock hit a 52-week low of Rs 770.15 on 23 November 2016.
The mid-cap company has an equity capital of Rs 41.64 crore. Face value per share is Rs 10.
BEML's board of directors has recommended a dividend of Rs 8 per share for the year ended 31 March 2017.
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 in BEML (as per the shareholding pattern as on 31 March 2017).
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