A growing executable order book and reasonable valuations make it a good investment
According to a report by CNBC-Awaaz, the government could soon invite Expression of Interest (EoI) by late November or early December to reduce its stake by nearly 26 per cent in the company.
The metro and rail segment, which grew 45% in FY19, accounts for half the firm's order book
The coach, the first in the list of 500 to be delivered to the Mumbai Metro Rail Corporation, has been built by Bharat Earth Movers (BEML) at its Bengaluru facility in flat 75 days
The company is the largest beneficiary of government thrust on railway projects, particularly Metro rail
The Mumbai metro project order is about 45% of the company's order book at the start of the year
The stock surged 8% to Rs 848 on report that the company has pitched for indigenisation of at least six rakes of bullet train coaches in collaboration with its Japanese partner Hitachi.
The company also said that it has undertaken a capital expenditure of Rs 0.7 billion in the last financial year, which will be doubled to Rs 1.40 billion this fiscal
The state-run company also sees opportunities in various metro projects and intends to become a turnkey player
The stock hit a 52-week low of Rs 1,112, down 7% on the BSE in intra-day trade today
The board has recommended a dividend @ Rs 8/- per equity share (80%) for the year 2016-17.
The stock surged 20% to Rs 1,189 on the BSE in intra-day on back of an over 10-fold jump in trading volumes
The government is targeting Rs 56,500 crore in disinvestment proceeds this financial year
Prepares growth plan for each business segment
The stock hit two-month high of Rs 959, up 3.7%, extending its Wednesday's 2% gain on the NSE
Total income from operations declined to Rs 453.5 cr in the quarter under review, over Rs 676.4 cr in the July-Sept quarter of previous financial year
BEML is the only listed player whose prospects remain strong led by Metro projects, mining, railways and defence orders
Mining equipment orders also slow but things could improve by second half of current financial year
The stock plunged 12% to Rs 900 on the BSE in intra-day trade on back of heavy volumes.
The stock was up 2% to Rs 971 on the BSE in early morning trade.