India's BEML rises on deals with Indian navy, Malaysia's SMH Rail

BEML

22/08/2024 06:23

** Shares of engineering equipment maker BEML  BEML.NS  are
up nearly 3%
    ** Co partners with Indian Navy for manufacturing and
testing of marine equipment and systems
    ** It also signed a memorandum of understanding with
Malaysia's largest rolling stock manufacturer SMH Rail for joint
manufacturing and repair of rolling stock for rail and metro
    ** Stock is up 40% YTD but trails behind Bharat Electronics
 BAJE.NS  and Bharat Dynamics  BARA.NS  which are up 65.5% and
53% respectively  

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))