Indian heavy equipment maker BEML rises on $19.7 mln order win

BEML

28/08/2023 05:06

** Shares of BEML  BEML.NS  rise as much as 3.2% to 2,169
rupees   
    ** The defence ground support equipment maker won an export
order worth $19.71 mln from Russia-based KAMSS
    ** The contract will be executed in different phases
starting this month, the company said in an exchange filing 
    ** Shares trading above 50-day, 100-day and 200-day moving
averages, indicating bullish momentum
   **More than 118,000 shares change hands by 9:34 a.m. IST, vs
the 30-day avg of 617,140 shares
    ** As of last close, stock up 43.2% YTD 


 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))