BEML share price falls after hitting 52-week high- ICICI Direct sees 39% upside in the defence PSU stock- Should you buy

BEML shares fell 1.23% on Friday but gained 7.64% for the week. ICICI Securities maintained a Buy rating and set a target price of ₹2,765, citing a strong rail and metro order pipeline and growth prospects. BEML’s Q2FY27 net profit declined 30.5% as expenses rose.