BEML Share Price Target 2024: Bharat Earth Movers Limited (BEML) is a leading multi-technology 'Schedule A' company under the government company Ministry of Defence. It plays a vital role in serving India's key sectors such as defense, rail, power, mining, and construction by offering world-class products. Earlier this week, the company received an order of Rs 866.87 crore from the Indian Railways to design and manufacture India's first bullet train. After this, BEML's stock rose.

BEML-Indian Railways latest order

In its latest order from Chennai-based Integral Coach Factory, BEML will build a total of two trainsets. Each of these will have 8 coaches. Each coach will cost Rs 27.86 crore. The trainsets will feature a fully air-conditioned, chair car configuration. The trains will have modern passenger amenities such as reclining and rotatable seats, special provisions for differently-abled passengers, and onboard infotainment systems. The train will run at a speed of 280 mph.

BEML made India's first Vande Sleeper train

The first-ever Vande Bharat sleeper trainset made in India has been carefully designed by BEML to combine aesthetic appeal and functional excellence. On September 1, Railway Minister Ashwini Vaishnav unveiled the country's first BEML-made Vande Bharat sleeper trainset at its Bangalore railway premises.

BEML Share Price Target 2024

ET NOW panelist Kunal Bothra recommends a buy rating on BEML. Bothra has a target of Rs 4100. He said that the stop loss should be Rs 3800. BEML opened in green at Rs 3910 against its previous close of Rs 3909.40.

BEML Share Price History

BEML is a constituent of the BSE 500. According to BSE Analytics (till October 18), the state-run company's shares gave a positive return of 4.23 percent and 7.12 percent in the last 1 week and 2 weeks, respectively. In the last 1 month and 6 months, the company's shares gained 0.76 percent and 13.20 percent, respectively. On a YTD basis, the PSU's stock gained 37.97 percent. In the last 1 year, 2 years, 3 years, 5 years,, and 10 years, the company's shares gained 63.97 percent, 156.28 percent, 183.12 percent, 415.50 percent, and 752.46 percent, respectively.

BEML Dividend History

This year BEML declared a dividend of Rs 5 in February and Rs 15.50 in September. Last year, the state-run company had declared a dividend of Rs 5 in February and September.

BEML Bonus History

BEML has never announced bonuses for its shareholders.

BEML Dividend Yield

At the current market price, BEML has a dividend yield of 0.52 percent.