INSUBCONTINENT EXCLUSIVE:
State-run BEML's board will meet on Monday, July 21, 2025 to consider a split of its equity shares
The company did not mention the proportion of the stock split.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.Also Read: Reliance Infra gets 3-notch ratings boost from India Ratings on near-zero debt
Live
EventsThe 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.Also Read: RIL to announce Q1
earnings on July 18(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of Economic Times)
