In the opening  bell trade, BEML spiked up 2.5% to hit an intraday high at Rs.964.85 though it has now tapered off to Rs.948 levels, just about holding on to the green. Its 52-week high is at Rs.1053.60.

The company, on Friday evening announced that it has signed 11 MoUs but gave no financial details of the dame.

The MoUs are with:

UP Expressway Industrial Development Authority , Advance Navigation Positioning Company, Primoco UAV SE, Czech Republic, IIT Kanpur, Torus Robotic, Council of Scientific and Industrial Research (CSIR)-National Aeronautics Laboratory (NAL), Outdu Mediatech, SKAT Systems of Russia, Hacklab Solutions, JSC ‘Rosoboron’ export to Russia, S’YOMKA S VOZDUHA of Russia and with Adani Defenec Systems & Technologies.