BEML spurts on rolling out 50th Metro Train Set to BMRCL

BEML is currently trading at Rs. 652.00, up by 41.25 points or 6.75% from its previous closing of Rs. 610.75 on the BSE. The scrip opened at Rs. 650.10 and has touched a high and low of Rs. 677.50 and Rs. 645.50 respectively. So far 304461 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 694.00 on 26-May-2014 and a 52 week low of Rs. 126.00 on 07-Aug-2013. Last one week high and low of the scrip stood at Rs. 694.00 and Rs. 550.00 respectively. The current market cap of the company is Rs. 2735.84 crore. The promoters holding in the company stood at 54.03 % while Institutions and Non-Institutions held 27.63 % and 18.34 % respectively. BEML, the major manufacturer of Metro Cars in the Country, has rolled out 50th Metro Train Set to Bangalore Metro Rail Corporation (BMRCL). With this rollout, the company has fulfilled the supply of prestigious BMRCL 2 RS-DM Contract. BEML has forayed into the manufacture and supply of hi-tech Metro Cars during 2002. Since then, BEML had made significant strides and emerged as the preferred destination of Metro Coach Manufacturer in the country. BEML has so far supplied more than 700 Metro Cars to Delhi Metro, Bangalore Metro and Jaipur Metro. BEML (formerly Bharat Earth Movers) was established for undertaking manufacture of Rail Coaches & Spare Parts and Mining Equipment at its Bangalore Complex. It has been catering to the needs of core sectors such as mining, power and steel.