Defense Stock BEML to gain focus after bagging contract from Central Coalfields

Defense Engineering scrip, BEML Limited is a component of the BSE 500 and as per the analytics (as of November 21), shares of BEML Ltd gave a positive return of 28.51 percent on a YTD basis. In the past 1 year, 2 years, 3 years, 5 years, and 10 years, company shares gained 49.67%, 145.43%, 169.68%, 359.41%, and 518.62%, respectively. The shares are trading in the green zone over 0.78% with a dividend yield of 0.55%.

In FY25, BEML Limited announced dividends of Rs 5 in February and Rs 15.50 in September. Last year, the PSU firm declared dividends of Rs 5 each in February and September. At the current market price, BEML Limited's dividend yield is 0.56 percent.

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The recent order entails the supply of 48 BH60M rear dump trucks, along with spares and consumables for one-plus-four years and comprehensive after-sales service support. The BH60M rear dump truck is a high-performance vehicle powered by a Cummins engine delivering 480 kW (644 FHP) at 2000 rpm, paired with an advanced Allison transmission.

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