BEML fixes Rs.1075 as FPO Issue Price

Bharat Earth Movers Ltd (BEML) has announced that the Board of Directors of the Company at its meeting held on July 05, 2007, has fixed the Bid / Issue price for issue of 49 lakh shares to the public at Rs 1,075/- per share in consultation with M/s. ICICI Securities Primary Dealership Ltd and also took on record the Prospectus for filing with the Registrar of Companies.

The stock was trading at Rs.1222, down by Rs.21.70 or 1.74%. The stock hit an intraday high of Rs.1260 and low of Rs.1205.10. The total traded quantity was 44796 compared to 2 week average of 109980.

Source : Equity Bulls

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