BEML shares surge over 9% after fresh order from Northern Coal Fields - Check details

BEML Share Price Target NSE, BSE; BEML Dividend 2024: The shares of BEML surged over 7 per cent on Friday after the company announced that it received a fresh order worth Rs 250 crore. According to an exchange filing, the company has secured the order from Northern Coal Fields for a dump truck contract.

"We hereby inform you that BEML Limited has bagged order from M/s. Northern Coal Fields Limited for dump trucks contract worth Rs.250 Crores," the company said in the filing.

The Railway PSU stock opened at Rs 3706.25, a gain of around Rs 6 from the previous close of Rs 3,699.95 on the BSE. However, it went on to surge over 9 per cent to hit the day's high of Rs 4,036 on the back of fresh orders. Last seen the counter was trading at Rs 4,020.60. 

The shares of BEML Limited, which has a market cap of Rs 16,699, have a 52-week high of Rs 4,139.40 and a 52-week low of Rs 1,400.

BEML Limited Share Price History

According to the BSE analytics, the counter has given a positive return of 71 per cent in the last six months and 178 per cent in the last year. 

Shares of BEML have given a multibagger return of 466 per cent in the last five years and 915 per cent in the last ten years, as per the BSE data.

BEML Dividend

BEML Ltd., incorporated in the year 1964, has declared a final dividend of Rs 15.50 or 155 per cent per equity share with face value of Rs 10 each.

Meanwhile, equity benchmark indices declined in early trade on Friday amid weak global trends and unabated foreign fund outflows.

The 30-share BSE Sensex declined 185.42 points to 73,478.30. The NSE Nifty dipped 50.35 points to 22,353.50.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 776.49 crore on Thursday, according to exchange data.
Global oil benchmark Brent crude climbed 0.25 per cent to USD 83.48 a barrel. On Thursday, the BSE benchmark climbed 676.69 points or 0.93 per cent to settle at 73,663.72. The NSE Nifty surged 203.30 points or 0.92 per cent to 22,403.85.