# BEML Shares Drop After 52-Week High

> BEML shares fell 1.23% Friday after hitting 52-week high, with ICICI Securities predicting 39% upside potential.
- Title: BEML Shares Drop After 52-Week High · mint | Shortify
- Summary: BEML shares fell 1.23% Friday after hitting 52-week high, with ICICI Securities predicting 39% upside potential.
- Keywords: be ml, icici securities, defence psu stock, share price, 52-week high, upside potential, q2fy27 net profit, mint
- Source: mint — https://livemint.com/market/stock-market-news/beml-share-price-falls-after-hitting-52-week-high-icici-direct-sees-39-upside-in-the-defence-psu-stock-should-you-buy-11794580770478.html
- Author: Sharmila Bhadoria
- Published: 2026-11-13T16:11:32+00:00
- Read time: 1 min
- Topics: be ml, icici securities, defence psu stock, share price, 52-week high, upside potential, q2fy27 net profit, money, business
## BEML Share Price Trend
BEML shares fell 1.23% on Friday but gained 7.64% for the week.
## ICICI Securities Outlook
ICICI Securities maintained a Buy rating with a target price of ₹ 2,765, citing strong rail and metro order pipeline.
## Q2FY27 Profit Decline
BEML reported a 30.5% decline in Q2FY27 net profit to ₹ 33.34 crore, driven by higher expenses.
## Order Pipeline Strength
BEML has a ₹ 21,388 crore order book with ₹ 17,967 crore executable beyond FY27.
## ICICI Securities Target
ICICI Securities expects 26% revenue and 102% PAT growth over FY26-FY28E, targeting ₹ 2,765 per share.
## Share Price Performance
Shares touched 52-week high of ₹ 2,236.20 on November 11, 2026, before falling 1.23% Friday.
## Key takeaway

BEML shares dropped 1.23% Friday after reaching 52-week high, with ICICI Securities forecasting 39% upside potential in the stock.