INSUBCONTINENT EXCLUSIVE:
BEML Ltd shares are likely to be in focus on Monday, following the company's announcement that it has secured two export orders worth
approximately USD 6.23 million, as per its regulatory filing.The state-run defense and heavy equipment manufacturer 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
Regulations, 2015, we hereby inform that BEML Limited has bagged 2 separate export order, One order from Commonwealth of Independent States
(CIS) region, for supply of Heavy Duty Bulldozers and Second order from Uzebekistan (Maiden Order) for Supply of High performance Motor
Total contract value of USD
business, as informed by the company.BEML share price performance
Live EventsOver the past 1 year, the stock of BEML has declined by 2.84%
However, it has shown a positive trajectory in recent months, gaining 9.73% year-to-date (YTD), 9.28% over the last 6 months, and 53.23% in
In the most recent 1-month period, the stock rose by 3.40%.On Friday, BEML shares ended 1.6% lower at Rs 4,521.90 on the BSE.Also read: Jane
Street aftermath: 4 stocks suffer Rs 12,000 crore wipeout in collateral damageBEML shares technical placementBEML shares are currently well
placed above all their significant short, medium and long-term daily exponential moving averages (DEMA), according to Trendlyne data
The same are oscillating near the 60 mark on the RSI.An RSI below 30 is considered oversold, and above 70 is considered
overbought.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of TheIndianSubcontinent)
