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Heavy engineering major Bharat Earth Movers Ltd (BEML) continue to rise on anticipated orders from the Railway and the Defence sectors, dealers said.

The PSU stock has gained 12.37 per cent over the week. On Thursday, the BEML stock closed at Rs 1,649.30, a gain of 2.62 per cent from Wednesday on the BSE. On the NSE, it closed at Rs 1,669.46, an increase of 3.73 per cent from the previous close.

Dealers said the company would also benefit from the infrastructure initiatives spelt out in the Union Budget.

Rajesh Abraham

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