PSU Defence Stock in Focus: Multibagger scrip gains on securing new contract - Do you own?

PSU Stock in Focus: BEML is a state-run company under the Ministry of Defence. The counter opened at Rs 4,201 on the BSE against the previous close of Rs 4,187.90.

PSU Stock in Focus: The stock has gained over 3 per cent. Last seen, it held firmly in green and was trading at Rs 4280.10.

PSU Stock in Focus: The counter has given a multibagger return of 189 per cent in two years and 76 per cent in one year. On a YTD basis, it has gained around 51 per cent.

PSU Stock in Focus: The 52-week high of the counter is Rs 5,489.15 and the 52-week low is Rs 2,385.

PSU Stock in Focus: BEML, a Miniratna status company, has secured an order worth more than Rs 3,600 crore from Chennai Metro Rail Limited. 

PSU Stock in Focus: Earlier this week, state-owned BEML signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry.

PSU Stock in Focus: BEML will leverage its expertise to provide technical guidance for the design and manufacturing of strategic equipment tailored for marine applications.

PSU Stock in Focus: Equity benchmark indices Sensex and Nifty opened on a positive note in early trade on Thursday amid buying in blue-chip stocks like HDFC Bank and State Bank of India.

PSU Stock in Focus: The BSE benchmark Sensex rose 95 points to 80,329.08 in early trade. The NSE Nifty went up 48.15 points to 24,323.05.

PSU Stock in Focus: The market cap of the compay is Rs 17,824.