Sell BEML, target Rs 733: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on BEML Ltd. with a target price of Rs 733. The current market price of BEML Ltd. is Rs 753.25. Time period given by the analyst is Intra Day when BEML Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 755. BEML Ltd., incorporated in 1964, is a midcap company with a market cap of Rs 3136.87 crore.

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 30-06-2018, the company has reported a Standalone sales of Rs 454.68 Crore, down -63.70 % from last quarter Sales of Rs 1252.60 Crore and down -27.49 % from last year same quarter Sales of Rs 627.03 Crore Company has reported net profit after tax of Rs -160.34 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.Gurmohinder Singh, Mr.M G Raghuveer, Mr.R H Muralidhara, Mr.Rajib Kumar Sen, Mr.Sudhir Kumar Beri, Mr.Suraj Prakash. Company has S R R K Sharma Associates as its auditoRs As on 30-06-2018, the company has a total of 41,644,500 shares outstanding.