BEML Ltd Sees Surge in Trading Activity and Investor Participation in Automobile Sector

BEML Ltd, a prominent player in the automobiles sector, has emerged as one of the most active equities today, showcasing significant trading activity. The stock recorded a total traded volume of 573,570 shares, with a total traded value of approximately Rs 26,674.85 lakhs. Opening at Rs 4,650.5, BEML reached an intraday high of Rs 4,755, reflecting a 2.49% increase, while the day's low was noted at Rs 4,600. The last traded price stood at Rs 4,622.8.
In terms of performance, BEML has outperformed its sector by 0.52% and has shown a consecutive gain over the last two days, accumulating returns of 8.38% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Notably, the delivery volume surged to 777,000 shares on June 20, marking a 232.94% increase compared to the 5-day average delivery volume, highlighting rising investor participation.

With a market capitalization of Rs 19,248.09 crore, BEML continues to demonstrate robust liquidity, suitable for trade sizes of Rs 16.37 crore based on 2% of the 5-day average traded value. Overall, BEML Ltd's performance today reflects a strong position within the mid-cap segment of the automobile industry.