BEML Share Price | Railway company stock will give returns at bullet train speed, earlier gave 305% return – NSE: BEML
BEML Share Price | Shares of India Earth Movers Limited Company are trading with gains. India Earth Movers Limited Company (NSE: BEML) Shares closed with a gain of more than 4 percent on Wednesday. On Thursday, October 17, the stock was trading at Rs 3,870, down 0.049 per cent. (BEML Company Excerpt)
Company got big contract
India Earth Movers Limited has got a big contract. India Earth Movers Limited has received a contract worth Rs 867 crore for the design, commissioning and construction of the high-speed train. Since then, the company's shares have risen. According to the company, the two high speed trains will have a total of eight coaches and the cost of each coach will be Rs 27.86 crore. This contract has been given by the Integral Coach Factory of the Central Government. On Friday (October 18, 2024), the stock was trading 3.56% higher at Rs 4,056.
More information about the contract
The high speed trains will be manufactured at the Bengaluru Railway Coach Complex of India Earth Movers Limited Company. The trains will also be delivered by the end of 2026 and will be fully air-conditioned. The chairs will also provide passengers with all modern features like reclining, rotating seats and onboard infotainment system, the company said in a filing. With this contract, the position of India Earth Movers Limited Company in the railway service sector has been further strengthened. India Earth Movers Limited says that this contract is an important step towards realizing the dream of India's rapidly growing rail network. India Earth Movers Limited Company share has given 36% return so far in 2024. The stock has given 60% returns in the last one year. The stock has given 305% returns in the last five years.
Disclaimer: Investing in mutual funds and stock market is based on risk. Before investing in the stock market, always consult your financial advisor. tezzbuzz.com will not be responsible for any financial loss.
Comments are closed.