India's BEML jumps 12% on revenue forecast, annual order book

BEML

26/05/2025 08:34

** Shares of BEML Ltd BEML.NS surge 12.3% to 4,174.3 rupees

** Stock hits its highest level since early January

** State-owned railways and defence engineering firm expects revenue to grow 20% and margins of 14.5% in FY26, its Chairman Shantanu Roy tells CNBC-TV18

** Expecting order book to rise to 220 billion rupees ($2.6 billion) from 140 billion rupees by FY25-end, Roy tells channel

** Trading volume at 4 mln shares; 7.5x the 30-day average

** Stock turns positive YTD, last up 3%

($1 = 84.9800 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))