BEML Shares Surge After Bengaluru Metro Contract

BEML, a leading earthmoving and heavy equipment manufacturer, saw its shares rally nearly 7% on March 28, following the announcement of a ₹405 crore contract from the Bengaluru Metro Rail Corporation Limited (BMRCL). This order includes:

• Design, manufacturing, and supply of standard gauge metro cars

• Commissioning and personnel training for up to 15 years

This metro contract, part of the Bengaluru Metro Rail Projects, has significantly boosted investor confidence, pushing BEML shares to a one-month high of ₹3,368 per share before cooling off slightly.

Motilal Oswal Mutual Fund’s Investment in BEML

Adding to the stock momentum, Motilal Oswal Mutual Fund acquired 2.67 lakh shares of BEML at an average price of ₹3,048.30 per share on March 27. This investment further reinforced bullish sentiment in BEML stocks.

Chhattisgarh Invites BEML for Mining Equipment Facility

On March 27, Chhattisgarh Chief Minister Vishnu Deo Sai invited BEML to set up a state-of-the-art mining equipment manufacturing facility in the state. This strategic expansion could further enhance BEML’s presence in the mining sector and contribute to long-term revenue growth.

BEML’s Stock Performance and Outlook

• BEML stock has surged over 31% in the past month, rebounding from a 52-week low on March 3.

• Despite this rally, BEML’s share price remains significantly below its 52-week high of ₹5,488 per share.

• Analysts anticipate continued strength in BEML’s stock, driven by new contracts and expansion opportunities.

With the Bengaluru Metro contract, Chhattisgarh expansion plans, and institutional investments, BEML is positioned for strong growth. The stock’s recent uptrend highlights investor optimism, making it a key PSU stock to watch in the coming months.

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