BEML share price jumps 5% on ₹405-crore order win; MOFSL stake purchase; do you own?

BEML share price zoomed 5 per cent in Friday's trading session after the company bagged a ₹405 crore contract from Bengaluru Metro Rail Corporation for the manufacturing, supply, and installation of standard gauge metro cars.

At 9:50 am, the BEML stock was trading at ₹3,356 apiece on the National Stock Exchange (NSE). The stock has climbed 32.65 per cent in one month.

The contract also covers personnel training and comprehensive maintenance for up to 15 years as part of the Bengaluru Metro Rail Project, according to the exchange filing.

“BEML is proud to strengthen its long-standing partnership with BMRCL by delivering state-of-the-art metro trainsets designed to enhance Bangalore’s urban mobility. This additional order reaffirms our commitment to providing world-class, indigenously manufactured metro solutions that align with the Government of India’s AatmaNirbhar Bharat vision. With cutting-edge technology, enhanced safety features, and a focus on passenger comfort, these trainsets will significantly contribute to the efficiency and reliability of the city’s metro network. We look forward to continuing our efforts in driving innovation and excellence in India’s rail infrastructure,” said Shri Shantanu Roy, Chairman & Managing Director, BEML Limited.

MOFSL acquired stake in BEML

The stock also gained after Motilal Oswal Financial Mutual Fund acquired a stake in the company through block deals on Thursday, March 27. Motilal Oswal MF picked up 2.66 lakh shares of BEML at an average price of ₹3,048.3 per share, as per data released last evening.

Stock exchange data indicates that Motilal Oswal held less than a 1 per cent stake in BEML at the end of the December quarter, which may explain why its name was absent from the previously reported shareholding pattern.

According to the December shareholding pattern, mutual funds such as Invesco, Kotak Mahindra Bank, HDFC Small Cap Fund, and ICICI Prudential held stakes in BEML ranging from 1.83 per cent to 6.15 per cent.

BEML stock has dropped 12.18 per cent over the past six months and is down 21.39 per cent year-to-date.

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