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Why BEML is seeing momentum

Updated : December 28, 2020 10:24:38 IST

BEML has gained 75 percent last week. The stock has rallied 36 percent this month while it has gained 62 percent since November. The one thing that displays the momentum in the stock is the way the moving averages have moved.

The company has won a number of orders in the last few months, not only from the government but also from the private sector. Another trigger is investors betting on the capex cycle recovery.

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