From mint · Sharmila Bhadoria · · 1m
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.
In brief
BEML shares fell 1.23% Friday after hitting 52-week high, with ICICI Securities predicting 39% upside potential. BEML shares dropped 1.23% Friday after reaching 52-week high, with ICICI Securities forecasting 39% upside potential in the stock. Originally reported by mint.
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.
The one thing
BEML shares dropped 1.23% Friday after reaching 52-week high, with ICICI Securities forecasting 39% upside potential in the stock.
