return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. BEML shares gain nearly 1%, rally 15% so far in 2026; key update investors should know

Market News

BEML shares gain nearly 1%, rally 15% so far in 2026; key update investors should know

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on November 12, 2026, 12:10 IST

Google
SelectUpstoxas yourPreferred news source

SUMMARY

BEML had hit a 52-week high of ₹2,236 per share on November 11, 2026, while its year's low of ₹1,355 per unit was recorded on March 30, 2026.

Stock list

BEML
--
BEML's market capitalisation stands at ₹17,703.08 crore. | Image: BEML/LinkedIn

BEML's market capitalisation stands at ₹17,703.08 crore. | Image: BEML/LinkedIn

Shares of India's leading mining and construction equipment manufacturer BEML Ltd were trading in the positive territory on Thursday, November 12.
Open FREE Demat Account within minutes!
Join now

The stock was trading 0.64% higher at ₹2,125.50 apiece on the National Stock Exchange (NSE) at 12:07 pm. Its market capitalisation stands at ₹17,703.08 crore.

The script has gained 6.76% in a week and 8.97% in a month. Year-to-date, it has advanced 15.05%.

It had hit a 52-week high of ₹2,236 per share on November 11, 2026, while its year's low of ₹1,355 per unit was recorded on March 30, 2026.

The surge in stock price comes after a Bloomberg report claimed that the company is aiming to develop tunnel-boring machines to support India's infrastructure boom and replace foreign suppliers.
Initially, the company would focus on smaller tunnel-boring machines utilised in hydropower, metro rail, irrigation and water projects, the company's Chairman and Managing Director, Shantanu Roy, told Bloomberg.

This development comes a month after China announced export controls on tunnel boring machines. The export controls will be effective from November 18.

ALSO READ | SBI, IOB, PNB shares fly high; NIFTY PSU Bank index surges 15% in a month

BEML Q2 results

State-owned BEML posted a consolidated net profit of ₹33.34 crore for the latest September quarter, according to an exchange filing.

The net profit stood at ₹48.03 crore in the quarter ended on September 30, 2025.

Revenue from operations rose 42.01% to ₹1,191.61 crore in the quarter, compared to ₹839.09 crore in the same period a year ago.

As of September 30, 2026, the company's order book stood at ₹21,388 crore, including ₹3,421 crore executable in the current year and ₹17,967 crore executable in the subsequent years.

Last month, BEML had received an order worth ₹75.58 crore for the export and maintenance of HMV 12x12 and HMV 8x8 to the Southeast Asian region.

Before that, the company unveiled India’s first indigenously designed and developed 60-tonne electric dump truck, the BH60-EV, marking a major milestone in the development of high-capacity electric mobility solutions for the mining and infrastructure sectors.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

Next Story

End of additional stories