India's BEML rises after $19 million order win

BEML

02/09/2026 06:30

** Shares of heavy machinery and vehicles manufacturer BEML BEML.NS rise 1.2% to 1,994.4 rupees
** Co receives an additional order worth 1.81 billion rupees ($19.06 million) to manufacture and supply trainsets
** BEML trades at forward 12-month PE of 32.06 vs industry median of 35.98 - data compiled by LSEG
** All four brokerages covering the stock rate it "buy" or higher; their median PT is 2,266 rupees
** YTD, stock up 7.1% 


($1 = 94.9600 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))