70% Dividend, 2:1 Bonus Shares: Buy Multibagger PSU, TP Rs 215: ICICI Securities

ICICI Securities has assigned buy call to large cap Aerospace & Defense PSU Bharat Electronics shares with target price of Rs 215 per share. Last trading price of Bharat Electronics shares on BSE is Rs 188.60 apiece with intraday fall of 1.05%. If you buy PSU Bharat Electronics shares at last trading price of Rs 188.60 apiece, you can fetch potential gain of 14%. Bharat Electronics stock rallied 185% in last 2-years. The PSU informed on Feb 12 that the interim dividend of Re 0.70/- per equity share will be paid on 23.02.2024 to the eligible shareholders. BEL declared bonus shares in 2022 in the proportion of 2:1 implying shareholders received 2 bonus shares for every 1 share held. Check details below:

Bharat Electronics Shares Performance & Return: The 52-week high price of Bharat Electronics stock on BSE is Rs 196.25 apiece and 52-week low price is Rs 89.68 apiece, respectively. The company has a market capitalisation of Rs 1,37,862.43 crore. Bharat Electronics shares has a PE of 38.68 and EPS 4.93. Bharat Electronics shares soared 32% in last 3-months, gained 97% in last 1-year, and offered return of 318% in last 3-years. In last 5-years, Bharat Electronics shares rallied 631%.

Bharat Electronics Financials: The company announced net profit for the quarter ended December 31, 2023 at Rs 859.6 crore, up 40% as compared to Rs 613 crore declared in the corresponding quarter of last year. Its revenue was declared nearly flat at Rs 4162.2 crore as against Rs 4153 crore in the similar quarter of last year. EBITDA of BEL came at Rs 1072.6 crore, up 24% as against Rs 863.4 crore in the similar quarter of last fiscal and margin came at 26%.

BEL Dividend: The PSU also declared an interim dividend of Re 0.70 per equity share for the FY 2023.24. As per the BSE filing dated Feb 12, 2023, "In continuation to our earlier letter dated 29.01.2024, we wish to inform you that Interim Dividend of Re 0.70/- per equity share (70%) for the financial year 2023-24 declared at the Board meeting held on 29.01.2024 will be paid on 23.02.2024 to the eligible shareholders."

BEL Bonus History: The last bonus that Bharat Electronics declared was in 2022 in the proportion of 2:1. The share traded ex-bonus on September 15, 2022. Before that BEL declared bonus shares in 2017 in the ratio of 1:10 and in 2015 in 2:1 ratio.

Bharat Electronics About: Established in 1954, BEL engages in manufacturing of specialised electronic equipment requirements of the Indian Defence Services. BEL produces a wide range of equipment for areas such as defence communication, radars, naval systems, c4i systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems, according to its official website.

Disclaimer: The stock highlights the dividend, bonus shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.