BEML rises as its consolidated net loss narrows to Rs 82 crore in Q1
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BEML is currently trading at Rs. 1452.80, up by 33.50 points or 2.36% from its previous closing of Rs. 1419.30 on the BSE.
The scrip opened at Rs. 1460.00 and has touched a high and low of Rs. 1471.15 and Rs. 1415.80 respectively. So far 6223 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2084.00 on 07-Dec-2021 and a 52 week low of Rs. 1106.40 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1471.15 and Rs. 1281.60 respectively. The current market cap of the company is Rs. 6038.45 crore.
The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 24.66% and 21.32% respectively.
BEML has reported net loss at Rs 82.33 crore for the ended June 30, 2022 review as compared to net loss of Rs 92.83 crore for the same quarter in the previous year. However, total income of the company increased by 42.34% at Rs 669.72 crore for Q1FY23 as compared Rs 470.52 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net loss at Rs 82.36 crore for the quarter ended June 30, 2022 as compared to net loss of Rs 94.01 crore for the same quarter in the previous year. However, total income of the company increased by 42.38% at Rs 669.95 crore for Q1FY23 as compared Rs 470.54 crore for the corresponding quarter previous year.
