BEML Stock Sees 5.05% Increase, Outperforms Sector and Sensex on October 18

BEML, a midcap engineering company, saw a 5.05% increase in its stock price on October 18, 2024. The stock has been performing well in the past few days, gaining 10.61% in the last three days. This has led to a 'Hold' call by MarketsMOJO.

On the day of October 18, BEML's stock outperformed the sector by 5.16%, with an intraday high of Rs 4134.55 and an intraday low of Rs 3828.85. The stock's moving averages are higher than the 5-day, 20-day, 50-day, and 200-day moving averages, but lower than the 100-day moving average.

In comparison to the Sensex performance, BEML's 1-day performance was 5.03% while the Sensex had a -0.19% performance. Over the past month, BEML's performance was 9.69% while the Sensex had a -2.52% performance.

BEML is a leading player in the industrial equipment industry, catering to various sectors such as mining, construction, and defense. With its consistent performance and positive outlook, BEML continues to be a strong contender in the midcap segment. Investors are advised to hold onto their BEML stocks for now, as the company shows potential for further growth in the future.