PSU Navratna Stock To Pay Final Dividend Next Week: Key Takeaways

Bharat Electronics Limited has decided to pay final dividend to its shareholders. The company has a market capitalization of Rs 78,031.89 crore and operates in the Defence sector.

Bharat Electronics Limited is an Indian state-owned aerospace and defence company with about nine factories, and several regional offices in India. It is owned by the Indian Government and primarily manufactures advanced electronic products for the Indian Armed Forces.

Check key takeaways below pertaining to dividend, stock outlook, and more:

Bharat Electronics Ltd To Pay 150% Dividend Next Week

The board of directors of BEL has stated in the BSE filing, "We wish to inform you that Final Dividend of Rs 1.50/- (150%) per equity share of Rs 1/- each declared at the 68th Annual General Meeting of the Company held on 30.08.2022 will be paid on 26.09.2022 to the eligible shareholders."

Bharat Electronics Ltd Stock Outlook

The Current market price of the stock is Rs 106 apiece with an intraday dip of Rs 2.95%.

Bharat Electronics Ltd 52-Week High/Low

The stock's 52-week high is quoted at Rs 115 apiece and 52-week low is quoted at Rs 61 apiece, respectively.

Bharat Electronics Ltd Market Capitalisation

The company has a market capitalization of Rs 78,031.89 crore.

Bharat Electronics Ltd Quarterly Results

The company for the quarter ended June 30, 2022 declared a consolidated income of Rs 3,222 crore, down 49% from last quarter total income of Rs 6,403.75 crore. It declared a net profit after tax of Rs 356.13 crore in latest quarter.

Bharat Electronics Ltd About

BEL is a multi-product, multi-technology, multi-Unit conglomerate boasting of over 350 products in the areas of Radars, Missile Systems, Military Communications, Naval Systems, Electronic Warfare & Avionics, C4I Systems, Electro Optics, Tank Electronics & Gun/Weapon System Upgrades, Solar Photovoltaic Systems, Electronic Components and civilian products.

Bharat Electronics Limited (BEL) was set up in Bangalore in 1954 by the Government of India under the Ministry of Defence (MoD).