BEML is currently trading at Rs. 710.80, up by 11.55 points or 1.65% from its previous closing of Rs. 699.25 on the BSE.
The scrip opened at Rs. 706.00 and has touched a high and low of Rs. 718.70 and Rs. 698.10 respectively. So far 69706 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1108.20 on 30-Oct-2019 and a 52 week low of Rs. 369.60 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 736.00 and Rs. 665.00 respectively. The current market cap of the company is Rs. 2960.09 crore.
The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 25.43% and 20.54% respectively.
BEML has teamed up with IIT-Kanpur for joint indigenous development of pilotless target aircraft (PTA) and tactical unmanned aerial vehicles (UAVs). Both the organisations would synergise respective capabilities and undertake feasibility study, design and development, testing and validation of tactical UAVs and PTA.
The jointly developed products will substitute the currently imported UAVs and PTA and aims to achieve self reliance at a reduced cost. This would also help foster innovation and technology development in defence and aerospace by engaging various industries, including MSMEs, startups, individual innovators, R&D institutes and academia. This will enable BEML achieve a quantum jump in defence and aerospace business and provide a big thrust in ‘Atmanirbharta’ in the defence sector.
BEML a leading mining and construction equipment manufacturer has designed and developed indigenously over 40 products through its R&D, and are not only working in India but also in 65 countries around the world.
