Shares of BEML jumped more than 4 percent in early trade to hit the 52-week high of Rs 2,132 on August 8 after the company secured the letter of acceptance from Bangalore Metro Rail Corporation (BMRC) for the supply of rolling stock contract 5RS-DM valued at approximately Rs 3,177 crore.
At 9:27am, BEML was quoting at Rs 2,082.50, up Rs 80.10, or 4 percent, on the BSE.
In June, the company had bagged order from BDL and BEL for supply of high mobility vehicles (HMV) for a total contract value at Rs 385 crore.
A board meeting has been scheduled on August 11 to consider and approve the financial results for the first quarter ended June 30.
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The company's market capitalisation stood at Rs 8,672.47 crore and share price gave more than 50 percent return in the last six months.
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