BEML shares rise 2% on reports of upgradation from Miniratna to Navratna status

Shares of BEML Ltd rose 2.2% to Rs 4,146.10 on the BSE on Thursday after reports said the state-run equipment maker is likely to be elevated to Navratna status, giving it greater financial and operational flexibility.

ETNow reported, citing sources, that “BEML likely to be upgraded from Miniratna to Navratna, giving it greater financial & operational freedom; formal announcement expected soon.”

The move would mark a significant step up for the Bengaluru-based public sector undertaking, potentially unlocking greater autonomy in investment and strategic decisions.


Over the past week, the stock has gained a little over 4%. It is up 6% over the last year, though trading flat so far in 2025.

Technical picture

From a charting standpoint, the stock is trading above seven of its eight key simple moving averages, including the 5-day, 10-day, 20-day, 30-day, 100-day, 150-day, and 200-day SMAs, while remaining below its 50-day SMA.

The Relative Strength Index stands at 51.2, suggesting the stock is neither overbought nor oversold. The Moving Average Convergence Divergence is at -16.6 but remains above the centre line, a signal that continues to reinforce a bearish indicator.

Earnings lag behind

The upgrade chatter comes on the heels of disappointing quarterly results. For the June quarter, BEML reported a net loss of Rs 64 crore, narrowing slightly from a Rs 70.5 crore loss in the same period last year.

The company was expected to show a smaller EBITDA loss due to improved operating leverage. Instead, it reported an EBITDA loss of Rs 49 crore, compared with expectations of a Rs 45 crore loss and against a Rs 50.1 crore loss last year.

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Revenue for the quarter came in flat at Rs 634 crore, falling short of projections of Rs 689 crore. Sequentially, the topline dropped more than 60%.

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