Defence PSU BEML on Monday reported a narrowing of its consolidated net loss to Rs 70.47 crore for the quarter ended on June 30, 2024.

BEML Q1 results: Net loss narrows to Rs 70 cr, income rises to Rs 631 cr

Long term Bank Facilities (Rs 1500 crore) - CARE AA-;Stable (revised from CARE A+; Stable)

BEML receives revision in credit ratings from CARE

Upcoming results: Oil and Natural Gas Corporation(ONGC), Bharti Airtel, Marico, BEML, Bharti Hexacom, Avanti Feeds, BLS International, Motherson Sumi Wiring India, Brigade Enterprises, Century Plyboards, Deepak Nitrite, Devani International, Gujarat State Fertilizers and Chemicals (GSFC), H.G. Infra Engineering, Honeywell Automation, Orient Cement, Sandhur Maganese and Iron Ores, Schneider Electric Infrastructure, Syrma SGS Technology, Tata Chemicals, Triveni Turbine, V-Mart Retail, VRL Logistics.

Stock Alert: Britannia Inds, Titan Company, Divis Lab, State Bank of India, Delhivery, Sheela Foam

Here are the earnings estimates of major companies that are scheduled to announce their results on Monday.

Airtel, ONGC, Marico, BEML, HG Infra, Tata Chemicals Q1 Results Today — Earnings Estimate

The Indian government plans to reassess bidder interest in several public sector companies, including Shipping Corporation and BEML, though Concor and BPCL are currently not under consideration. The government is also reviewing other potential privatisations, including Hindustan Latex Limited and NMDC Steel.

Govt to reassess interest of bidders for Shipping Corp and BEML, hits pause on Concor and BPCL

Expect Orderbook To Grow From ₹11,800 Cr To ₹25,000-30,000 Cr By End Of FY25: BEML | CNBC TV18

Nuvama Institutional Equities said that Indian Railways has sharpened its focus on rolling stock procurement with higher targets for FY25 now versus the Interim Budget for wagons, electric locomotives and coaches.

Infra stocks: NCC, Titagarh Rail, KNR Constructions, BEML, Texmaco among beneficiaries of Budget 2024 sops

Cochin Shipyard climbed 2.63 per cent to Rs 2,742 on BSE. Oil India shares were up 1.92 per cent at Rs 565.65. Ircon International Ltd shares advanced 1.71 per cent to Rs 323.45. LIC shares were up 1.23 per cent at Rs 1,136.90.

Modi stocks, Union Budget 2024: NTPC, Cochin Shipyard, IRFC, BEML, RVNL gain up to 3% today. Here’s why

Railway, defence, and PSU stocks on BSE rose ahead of the Union Budget by the Finance Minister. RailTel up 3%, Cochin Shipyard and DCX Systems gained, while Titagarh Rail, Texmaco Rail mixed. PSU stocks: IRCTC, IRFC, OIL, GMDC, Mazagon Dock, Bharat Forge, LIC, BEML, NTPC, Gujarat Gas, RCF, NMDC Steel. Multibagger returns seen; MRPL declined 3.7%.

Rail, defence, PSU stocks in focus ahead of Budget

Discover the top defence stocks to watch ahead of Budget 2024. With the government’s sustained focus on defence, stocks like HAL, BEML, Bharat Electronics, Mazagon Dock Shipbuilders, Bharat Dynamics, GRSE, Data Patterns, and Cochin Shipyard are set to gain momentum.

Defence Stock Picks Ahead of Budget 2024: Analysts’ Pick HAL, BEL, Azad Engineering, Others - News18

Earnings

BEML Land Assets reports standalone net loss of Rs 2.12 crore in the June 2024 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

BEML Limited is engaged in manufacture of rail coaches and spare parts and mining equipment.  Its segment includes Mining & Construction, Rail & Metro and Defense.

BEML Ltd