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ICICI Direct has buy call on BEML with a target price of Rs 1918. The current market price of BEML Ltd. is Rs 1854.3.
Time period given by analyst is one week 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 7725.05 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 31-12-2021, the company reported a Consolidated Total Income of Rs 1174.05 Crore, up 15.80 % from last quarter Total Income of Rs 1013.87 Crore and up 59.02 % from last year same quarter Total Income of Rs 738.31 Crore. Company reported net profit after tax of Rs 78.51 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to endure its northbound journey and gradually head towards Rs 1918 levels in the coming sessions as it is the February high of Rs 1925
Promoter/FII Holdings
Promoters held 54.03 per cent stake in the company as of 31-Dec-2021, while FIIs owned 4.31 per cent, DIIs 21.38 per cent.
Time period given by analyst is one week 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 7725.05 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 31-12-2021, the company reported a Consolidated Total Income of Rs 1174.05 Crore, up 15.80 % from last quarter Total Income of Rs 1013.87 Crore and up 59.02 % from last year same quarter Total Income of Rs 738.31 Crore. Company reported net profit after tax of Rs 78.51 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to endure its northbound journey and gradually head towards Rs 1918 levels in the coming sessions as it is the February high of Rs 1925
Promoter/FII Holdings
Promoters held 54.03 per cent stake in the company as of 31-Dec-2021, while FIIs owned 4.31 per cent, DIIs 21.38 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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