The trading window will remain closed from July 1 till 48 hours after declaration of financial results, the board meeting for which shall be intimated in due course.
BEML shares today ended the session with declines falling by Rs 170 or 3.7% over the Thursday closing price of Rs 4,435 amid weak market sentiments and profit booking in defence stocks.
The state-run defense and heavy equipment manufacturer has been in news lately after it announced that it has received one order from the Commonwealth of Independent States (CIS) region for the supply of heavy-duty bulldozers, as well as a maiden order from Uzbekistan for the supply of high-performance motor graders.
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The stock has been an underperformer, declining by over 9% in the past one year when headline indices Nifty and Sensex have managed returns of 3.4% and 3.2% respectively.Notwithstanding this, BEML shares are still trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 4,102 and Rs 3,664.7, respectively.The company reported a quarterly net profit of Rs 288 crore in the quarter ended March 31, 2025 which was a growth of 12% YoY. Its revenues were BEML reported at Rs 1,656 crore in the January-March quarter, recording a growth of 9.1% YoY.
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