BEML gains after Merrill Lynch Markets Singapore buys stake

A manufacturer of rail coaches, spare parts and mining equipment, BEML’s stock gained 4.56% at Rs 1,842.65 per share on the BSE during Friday’s intra-day trade after Merrill Lynch Markets Singapore bought its shares on Thursday.
 
Merrill Lynch Markets Singapore Pte bought 2,64,600 shares of BEML at Rs 1,763.52 per share on the NSE. Meanwhile, it attracted a total traded quantity of 12,97,417 shares and a traded value of Rs 23,803.45 lakhs. 
 
The company has been maintaining a dividend payout ratio of 39.23% and has delivered growth of 2.38% over the past five years. The company has had a return on equity of 1.05% for the last three years. On a yearly basis the stock has yielded 73.57% returns and has outperformed the BSE Mid-Cap index and the BSE Consumer Durables index.