News for BEML Limited (BEML.NS)

BEML Limited has partnered with South Korea's STX Engine to co-develop, manufacture, and market Battle Tank engines, marine engines, and components. This strategic collaboration, formalised at Aero India 2025, aims to boost self-reliance in critical defence technologies, reduce import dependency, and explore export opportunities while strengthening Indian defence capabilities with advanced propulsion solutions.

Anand James, Chief Market Strategist at Geojit Financial Services, predicts a short-term market correction following a triple Doji candle formation and exhaustion signals in banking stocks. He suggests any correction could be shallow, with dips offering buying opportunities. Pharma stocks are expected to continue their pullback, and SUMICHEM is recommended as a top pick with a target of Rs 575.

In the Nifty 50 index, 28 stocks were trading in the green, while 22 stocks were trading in the red.

PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.

Titagarh, RVNL, RailTel, IRFC lead gains

Indian markets extended gains for the fourth session, driven by Larsen & Toubros strong Q3 results and optimism around the Economic Survey. Analysts anticipate a pro-growth budget, potential tax cuts, and continued infrastructure spending to sustain the rally.

Buzzing Stocks Today, Stocks that will see action today: December 26, 2024 - Ola, REC, HFCL, UltraTech Cement, India cement, Swiggy, BPCL, BEML, IOC, Aurionpro, Salsar Tech, Jauss Poly, BPL, Gateway Distriparks, Snowman Logistics, Gland Pharma, Comrade Appliances

The stock rose 5% to Rs 111.75 against the previous close of Rs 106.45 on NSE.  Market cap of the firm climbed to Rs 86.13 crore.

India's defence PSUs aim to boost exports, with HAL leading at ₹590 crore, as FDI in defence sector rises.

Defence PSU BEML Limited has secured ₹136-crore contract to supply indigenously designed High Mobility Vehicles (HMVs) 8x8

NTPC Renewable Energy wins 500 MW solar project, HDFC Bank leases office space, Adani Ports funds Sri Lankan port project.

At 6:56 a.m., GIFT Nifty traded at 24,677.00 down by 16 points or 0.06%. Share prices of NTPC Green, BEML, Adani Ports, and BHEL among others tracking news flow.

BEML Limited secured an ₹83.51 crore contract from the Ministry of Defence to supply a 50-tonne Trailer for transporting battle tanks. Designed for challenging terrains, the Trailer features 12 twin wheels, a steerable turntable, and advanced braking systems. This reinforces BEML's commitment to indigenous defence production.

BEML Ltd. wins an Rs 84-crore order from the Ministry of Defence to supply 50-tonne tank transport trailers, reinforcing its role in India's defence sector.

BEML Limited secures ₹3,658 crore contract with Chennai Metro Rail Limited, boosting shares by 2.30% on NSE.

BEML share price: BEML shares rose 3.6% after securing a Rs 3,658 crore contract from Chennai Metro Rail. The company also won a Rs 246.78 crore order for dump trucks from Central Coalfields.

Indian equity indices plunged on Wednesday, with the Sensex falling 984 points and the Nifty dropping below 23,600, driven by rising inflation, weak earnings, and ongoing foreign outflows. Analysts see 23,500 as a key support level, with further corrections possible below this point.

Indian equity indices closed lower as investors booked profits after record highs, though the Nifty and Sensex maintained weekly gains, indicating strong market sentiment.

Buzzing stocks: Stocks that will see action today: August 22, 2024: Paytm, Zomato, GE Power India, IREDA, Delivery, Gensol Engineering, Awfis, Karnataka Bank, Schneider, L&T Tech, Alkem Lab, RVNL, BEML, Paras Defence, Kalyan Jewellers, Welspun Enterprises