India's BEML rises on $47 million order win

BEML

28/06/2023 07:52

** Shares of heavy equipment manufacturer BEML  BEML.NS 
rise as much as 4.2% to 1,639.9 rupees
    ** Co says it bagged order worth 3.85 bln rupees ($47 mln)
from Bharat Dynamics Ltd  BARA.NS  and Bharat Electronics Ltd
 BAJE.NS  for supply of high mobility vehicles (HMS)
    ** Stock on track to rise for second straight session, if
gains hold
    ** About 187,000 shares change hands as of 12:16 pm IST,
0.8x the 30-day moving average
    ** Stock up 7.2% YTD as of last close
   
($1 = 81.9850 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))