BEML zooms after signing MoUs with Siemens, Dragflow S.R.L
BEML is currently trading at Rs 2621.00, up by 132.30 points or 5.32% from its previous closing of Rs 2488.70 on the BSE.
The scrip opened at Rs 2530.00 and has touched a high and low of Rs 2642.10 and Rs 2470.00 respectively. So far 6936 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 5489.15 on 05-Jul-2024 and a 52-week low of Rs 2346.35 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs 2714.95 and Rs 2427.25 respectively. The current market cap of the company is Rs 10353.24 crore.
The promoters holding in the company stood at 54.03%, while Institutions and Non-Institutions held 25.51% and 20.46% respectively.
BEML and Siemens have signed a non-binding Memorandum of Understanding (MoU) to jointly explore opportunities in the semi-high-speed and suburban passenger train segments, as well as metro and commuter rail markets.
Further, the company and Dragflow S.R.L., Italy, have signed an MoU to strengthen indigenous dredging solutions.
BEML is a Public Sector Undertaking for manufacture of Rail Coaches & Spare Parts and Mining Equipment.
