BEML rose 0.79% to Rs 312.90 at 12:19 IST on BSE, with the stock recovering on bargain hunting after 3-day 4.72% fall.
Meanwhile, the BSE Sensex was up 37.25 points or 0.21% to 17,639.03.
On BSE, 6,009 shares were traded in the counter as against average daily volume of 36,796 shares in the past one quarter.
The stock hit a high of Rs 314 and a low of Rs 311 so far during the day. The stock had hit a 52-week low of Rs 308 on Tuesday, 7 August 2012. 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 7 August 2012, sliding 23.72% compared with the Sensex's 0.46% rise. The scrip had also underperformed the market in past one quarter, tumbling 39.7% as against Sensex's 4.07% rise.
The company has equity capital of Rs 41.64 crore. Face value per share is Rs 10.
Shares of BEML lost 4.72% in three trading sessions to settle at Rs 310.45 on Tuesday, 7 August 2012, from a recent high of Rs 325.85 on 2 August 2012.
BEML 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. 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.
Powered by Capital Market - Live News
