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HDFC Securities has buy call on with a target price of Rs 2100. The current market price of BEML is Rs 1910.15. Time period given by analyst is 3 months when BEML Ltd. price can reach defined target.
BEML Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 7641.97 Crore) operating in Engineering sector.
BEML Ltd. key Products/Revenue Segments include Railway Items, Earth Moving Equipments, Spare Parts & Others, Defence Items, Sale of services, Wind Energy, Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1013.87 Crore, up 115.57 % from last quarter Total Income of Rs 470.31 Crore and up 51.43 % from last year same quarter Total Income of Rs 669.54 Crore. Company reported net profit after tax of Rs 10.66 Crore in latest quarter.
Investment Rationale
With the intermediate technical setup too looking positive, the brokerage believes the stock has the potential to move higher in the coming weeks and therefore recommend a buy.
Promoter/FII Holdings
Promoters held 54.03 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.8 per cent, DIIs 21.77 per cent.
BEML Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 7641.97 Crore) operating in Engineering sector.
BEML Ltd. key Products/Revenue Segments include Railway Items, Earth Moving Equipments, Spare Parts & Others, Defence Items, Sale of services, Wind Energy, Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1013.87 Crore, up 115.57 % from last quarter Total Income of Rs 470.31 Crore and up 51.43 % from last year same quarter Total Income of Rs 669.54 Crore. Company reported net profit after tax of Rs 10.66 Crore in latest quarter.
Investment Rationale
With the intermediate technical setup too looking positive, the brokerage believes the stock has the potential to move higher in the coming weeks and therefore recommend a buy.
Promoter/FII Holdings
Promoters held 54.03 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.8 per cent, DIIs 21.77 per cent.
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