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BEML gains 5% after government invites EoI for subsidiary

The share touched its 52-week high Rs 1,034.35 and 52-week low Rs 521.00 on 03 April, 2019 and 26 October, 2018, respectively.

September 04, 2019 / 03:10 PM IST
 
 
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Shares of BEML jumped 5 percent intraday on September 4 after government invited Expression of Interest (EoI) for disinvestment in its BEML subsidiary.

Government of India has invited Expression of Interest (EoI)/ Preliminary Information Memorandum (PIM) document in respect of disinvestment of 96.56 percent shareholding of BEML in Vignyan Industries, a subsidiary of BEML.

At 14:42 hrs, BEML was quoting at Rs 791.00, up Rs 26.10, or 3.41 percent on the BSE.

The share touched its 52-week high Rs 1,034.35 and 52-week low Rs 521.00 on 03 April, 2019 and 26 October, 2018, respectively.

Currently, it is trading 22.95 percent below its 52-week high and 52.98 percent above its 52-week low.

Moneycontrol News
first published: Sep 4, 2019 03:10 pm

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