The filing noted that Paras Defence intends to offload its 58.02 per cent equity stake in Ayatti, which comprises 15,20,000 equity shares of face value of Rs 10 each.
BEML share price target: Elara trimmed its target price to Rs 2,700, valuing the stock at 37 times September FY27 estimated earnings, citing a slight delay in the execution of the Vande Bharat sleeper train order in FY26.
Shares of PSU major BEML are oversold on charts with RSI at 25.9 indicating there are more sellers than buyers for the stock.
Defence stocks: Of late, defence stocks have witnessed volatility due to profitbooking due to high valuations, tepid Q2 earnings and easing of global tensions resulting in fading of risk premium.
BEML: The company has already announced two major orders this week, marking a significant boost to its rail and metro business.
Nirmal Bang suggested price targets of Rs 470 for BEL, Rs 1,774 for BDL and Rs 6,151 for HAL. It viewed Mazagon Dock at Rs 3,515, BEML at Rs 2,610, Astra Microwave at Rs 1,234 and Data Patterns at Rs 3,653.
BEML has secured a ₹157 crore order from Loram Rail Maintenance India for switch rail grinding machines.
Stocks including Reliance, IndiGo, BEML, Pine Labs, ONGC, JSW Steel, IEX, RailTel Corp, Rail Vikas Nigam, JK Cement and more will be in the spotlight on Thursday, December 04.
Defence Minister Rajnath Singh is meeting with top defence PSUs to finalise a five-year roadmap aimed at strengthening India’s defence sector. Over ₹32,000 crore will be invested in research and development, with a significant focus on innovation and sustainability. HAL, BEL, and BEML trade in the green, reflecting strong investor confidence in the defence pack. The meeting will also assess the performance of the last decade, during which more than ₹30,000 crore was infused. Private firms are expected to be key beneficiaries too, as the government pushes for greater self-reliance and export potential in defence manufacturing
According to PL, BEML's Q2 FY26 revenue declined 2.4 per cent year-on-year (YoY) to Rs 840 crore, with EBITDA margin steady at 8.7 per cent. The brokerage attributed the weak performance to a slower execution pace and supply chain challenges.
On Monday, the RailTel stock was trading at Rs 370.20 apiece on BSE. ICICI Securities target suggests 21.66 per cent potential downside ahead for BEML.





