BEML Ltd's Stock Reaches New High, Outperforms Sector and Sensex

Jan 05 2024 08:12 PM IST
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BEML Ltd, a midcap company in the engineering and industrial equipment industry, has seen a significant increase in its stock price, reaching a new 52-week and all-time high of Rs. 3147.15. It has outperformed its sector by 5.71% and has been on a consecutive gain streak for the last 3 days. The stock is currently rated as 'Hold' by MarketsMojo.

BEML Ltd, a midcap company in the engineering and industrial equipment industry, has been making headlines in the stock market recently. The stock, which is currently trading at Rs. 3090.45, has seen a significant increase in its price, reaching a high of Rs. 3147.15 today. This marks a new 52-week and all-time high for the company.

In today's trading session, BEML Ltd has outperformed its sector by 5.71%, showcasing its strong performance in the market. The stock has also been on a consecutive gain streak for the last 3 days, with a total increase of 10.98% during this period. It opened with a gain of 2% today and touched an intraday high of Rs. 3147.15, which is an impressive 8.95% increase.

BEML Ltd's performance is also reflected in its moving averages, as it is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In comparison to the Sensex, BEML Ltd has shown a strong 1-day performance of 6.99%, while the Sensex only saw a 0.25% increase. This further highlights the company's strong performance in the market.

Overall, BEML Ltd's stock is currently rated as 'Hold' by MarketsMOJO. With its recent surge in price and positive performance indicators, the company is definitely one to watch in the engineering and industrial equipment industry.
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