Sell BEML Ltd, target Rs 1500.0 : Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on BEML Ltd. with a target price of Rs 1500.0 . The current market price of BEML Ltd. is Rs 1610.3 Time period given by analyst is Intra Day when BEML Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1625
BEML Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 6849.27 Crore) operating in Engineering sector.

BEML Ltd. key Products/Revenue Segments include Earth Moving Equipments which contributed Rs 902.28 Crore to Sales Value (31.83 % of Total Sales), Spare Parts & Others which contributed Rs 726.11 Crore to Sales Value (25.61 % of Total Sales), Railway Items which contributed Rs 545.66 Crore to Sales Value (19.24 % of Total Sales), Defence Items which contributed Rs 434.83 Crore to Sales Value (15.33 % of Total Sales), Sale of services which contributed Rs 195.55 Crore to Sales Value (6.89 % of Total Sales), Scrap which contributed Rs 20.60 Crore to Sales Value (0.72 % of Total Sales), Wind Energy which contributed Rs 9.63 Crore to Sales Value (0.33 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 627.03 Crore, down -52.35 % from last quarter Sales of Rs 1315.95 Crore and up 114.79 % from last year same quarter Sales of Rs 291.93 Crore Company has reported net profit after tax of Rs -85.13 Crore in latest quarter. The company’s top management includes Mr.Aniruddh Kumar, Mr.B P Rao, Mr.B R Viswanatha, Mr.D K Hota, Mr.M G Raghuveer, Mr.R H Muralidhara, Mr.Sanjay Prasad, Mr.Sudhir Kumar Beri, Mrs.Surina Rajan. Company has S R R K Sharma Associates as its auditoRs As on 31-03-2017, the company has a total of 41,644,500 shares outstanding.