Bharat Electronics (BEL) is in the spotlight as it gears up to pay interim dividend to its shareholders with the record data set for March 11. With the recent orders and developments, the stock has been a key performer in the defence sector. The stock is up xxx% in 1 month on the back of positive news flow.
Here are the key things investors should keep an eye on
BEL declares interim dividend – Check record date
BEL’s Board of Directors recently announced an interim dividend of Rs 1.50 per equity share for the financial year 2024-25. This translates to a 150% dividend on the face value of Rs 1 per share.
The company has set March 11, 2025, as the record date to determine eligible shareholders for this payout. Investors can expect the dividend to be credited within 30 days from the declaration date.
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BEL has seen notable movement in its share price in recent months. Over the past five trading sessions, the stock has surged 11%. In the last one month, the stock has remained mostly stable, showing a marginal gain of nearly 1%.
Over six months, BEL share price has seen a slight dip of 3%, but on a year-to-date (YTD) basis, the stock has gained 6%.
The one-year performance is particularly impressive, with a 30% surge in the stock price.
BEL’s 52-week high stands at Rs 340.50, while the 52-week low was recorded at Rs 179.10.
Fresh orders add to growth momentum
The company has been securing significant orders, reinforcing its stronghold in the defence sector. Recently, BEL announced additional orders worth Rs 577 crore, which include, Airborne electronic warfare products, Advanced composite communication systems for submarines, Doppler weather radars, Train communication systems, and Radar upgrades and spares
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With these new orders, BEL’s total accumulated orders for the current financial year have reached a whopping Rs 13,724 crore.
BEL Q3 earnings
BEL reported a strong financial performance in Q3FY25, posting a 37% year-on-year (YoY) increase in revenue to Rs 5,643 crore.
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