Those who invested in the shares of BEML Ltd got a bumper return of 6400%, this is how investors became rich
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Explain that the company had achieved an 18.2 percent increase in net profit in the fourth quarter of FY2023. Now it has reached close to Rs 157 crore. It was Rs 133 crore in the same quarter a year ago. The PSU has also declared a dividend of up to 50 per cent for its shareholders. The total order book of BEML as on 31 March 2023 was Rs 8570 crore. If we talk about the current order book of Bharat Earth Movers Limited, then it has reached Rs 9378 crore.
On January 1, 1999, the shares of Bharat Earth Movers Limited started moving from the level of ₹24. Since then, investors have got a return of about 6400 per cent. Shares of Bharat Earth Movers Limited had seen a low of ₹540 on March 13, 2020, since then investors have got nearly 200% returns.
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