Record Date This Week! 2nd Interim Dividend For FY25 On Buzz; Miniratna PSU Defence Stock A Buy?

With its headquarters located in Bangalore, India, BEML Limited, formerly known as Bharat Earth Movers Limited, is a prominent public sector enterprise (PSU) in India. It is a "Miniratna-Category-1" and "Schedule A" enterprise under the Ministry of Defence. BEML is a multi-technology firm that specializes in heavy equipment production and serves key industries including construction, mining, rail, power, and defence. On Tuesday, 13th May, the shares of BEML were trading 4.50% higher during the afternoon trade as of 12:39 pm IST after the company declared 2nd interim dividend for FY25 with record date falling this week.

BEML Dividend

"We wish to inform that the Board of Directors of the Company in its 411th meeting held on 09.05.2025, inter-alia, has declared 2nd Interim Dividend of Rs. 15/- per equity share of Rs.10/- each (i.e. 150% of paid up share capital) for the Financial year 2024-25. In this connection, the Company had fixed the Record date as 15.05.2025 for the payment of the said 2nd interim dividend to the eligible equity shareholders as on the record date," said BEML in a stock exchange filing.

BEML News

The Madhya Pradesh government recently authorized the allocation of 60.063 hectares, or around 148 acres, of land to BEML on May 11. The location, which is in the Raisen district of Umeria, has been set aside for the establishment of a construction factory that would produce rolling equipment and coaches for the state's metro and railway projects.

Additionally, on May 9, 2025, the Chhattisgarh cabinet authorized the granting of 100 acres of land in the Janjgir-Champa district to BEML at a rate of Re. 1 per acre in order to establish a state-of-the-art facility for the production of heavy earth moving equipment.

BEML Share Price Target

"BEML is in a bullish trend, supported by strong price action and higher highs on the chart. It is trading well above key moving averages, with immediate support near ₹3,100 and resistance at ₹3,280. A breakout above ₹3,280 can lead to further upside toward ₹3,400. Volume has been rising steadily, indicating strong participation. Buying on dips near ₹3,120-₹3,150 is a good strategy with a stop loss below ₹3,000 for targets of ₹3,400. The overall structure remains positive and favors continued momentum," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

Disclaimer

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