BEL Share Price Target 2024: PSU stock gets Buy call after 70% interim dividend

BEL Share Price Target 2024: Multibagger Defense PSU Bharat Electronics Ltd (BEL) recently announced an interim dividend of Rs .70 or 70 per cent per equity share of Re 1. The stock is in focus after the second interim dividend and has got a 'Buy' call with a fresh target.

BEL Share Price Target 2024 

Varun Dubey, senior research analyst at Zee Business, has picked Bharat Electronics Limited (BEL) - an Indian Government-owned aerospace and defence electronics company - as his 'best pick'.

According to Dubey, one should buy shares of BEL with a target of Rs 240 for one year.

Meanwhile, the counter opened at Rs 190, a gain of 0.61 per cent from the previous close of Rs 188.85. The stock of BEL, which has a market cap of Rs 1,38,885, has a 52-week high of Rs 216.70 and a 52-week low of Rs 89.93.

BEL Dividend 2024 Record Date

The company in an exchange filing said that it has fixed March 23 as the record date to identify the eligibility of shareholders for a second interim dividend.

BEL Dividend 2024 Payment Date

The second interim dividend will be paid within 30 days from the date of declaration.

BEL Dividend History

Meanwhile, the company has announced an interim dividend of Rs 0.70. Below is the dividend history of BEL.

Earlier, global brokerage firm Morgan Stanley was bullish on the multibagger defence stock Bharat Electronics and raised target prices.  

Morgan Stanley has maintained an overweight rating on BEL. Also, the target price per share has been raised to Rs 263 from Rs 215.