Bengaluru, Sept. 11 -- The shares of this leading defence-based company are in focus following a crucial report in its favour. In this article, we will dive more into the details and the significance of this announcement.

With a market capitalization of Rs 16,937 crore, the shares of BEML Ltd made a day high of Rs 4146.10 per share, up by 2 percent from its previous day closing price of Rs 4057.70 per share. Over the past five years, the stock has delivered a robust return of 556 percent.

What's the news

According to reports, defence major BEML is on the verge of being upgraded from Miniratna to Navratna status, with the Finance Ministry seriously weighing the proposal. The company has fulfilled all the necessary conditions to be upgra...