Net Loss of BEML reported to Rs 85.13 crore in the quarter ended June 2017 as against net loss of Rs 107.10 crore during the previous quarter ended June 2016. Sales rose 83.14% to Rs 627.03 crore in the quarter ended June 2017 as against Rs 342.37 crore during the previous quarter ended June 2016.

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BEML will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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BEML has signed a Memorandum of Understanding with National Law School of India University for capacity enhancement. By this MoU, BEML would avail the services of NLSIU inter alia for improved qualitative business documentations including Legal Consultancy Services.

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Meanwhile, the S&P BSE Sensex was up 116.57 points, or 0.38% at 30,950.89. The S&P BSE Mid-Cap index was up 84.83 points, or 0.58% at 14,587.52.

On the BSE, 31,000 shares were traded on the counter so far as against the average daily volumes of 46,683 shares in the past one quarter. The stock had hit a high of Rs 1,482.25 and a low of Rs 1,432 so far during the day. The stock had hit a 52-week high of Rs 1,570.45 on 22 June 2017 and a 52-week low of Rs 770.15 on 23 November 2016.

The stock had outperformed the market over the past one month till 28 June 2017, advancing 18.25% compared with the Sensex's 0.62% fall. The scrip had also outperformed the market over the past one quarter gaining 9.87% as against the Sensex's 4.84% rise. The scrip had also outperformed the market over the past one year advancing 71.35% as against the Sensex's 16.25% rise.

The mid-cap company has equity capital of Rs 41.64 crore. Face value per share is Rs 10.

Shares of BEML had declined 6.84% in the preceding three trading sessions to settle at Rs 1,438.75 yesterday, 28 June 2017, from its closing price of Rs 1,544.40 on 22 June 2017.

BEML's net profit rose 27.1% to Rs 186.40 crore on 17.1% increase in net sales to Rs 1315.95 crore in Q4 March 2017 over Q4 March 2016.

BEML was established in May 1964 as a public sector undertaking for manufacture of rail coaches & spare parts and mining equipment at its Bangalore complex. The Government of India held 54.03% stake in BEML (as per the shareholding pattern as on 31 March 2017).

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