beml

BEML, Dredging Corporation sign 3 MoUs Source: The Hindu

The defense public sector major BEML and Dredging Corporation of India (DCIL), a PSU under the Ministry of Ports, Shipping and Waterways, recently signed three Memoranda of Understanding. These agreements focus on enhancing indigenous manufacturing capabilities for dredgers and their components within India. The collaboration aims to leverage BEML's expertise in heavy equipment production to support DCIL's requirements for new dredgers, their maintenance, and the development of related technologies, fostering self-reliance in the dredging sector.

BEML stock split: Shares approach record date. What does this mean for investors? Source: The Economic Times

BEML is undergoing a stock split, transforming each existing share into multiple new ones – typically 10 for every 1 previously held. The "record date" is the crucial cutoff: only shareholders registered by this date will receive the additional split shares. For investors, this means they will own a greater number of BEML shares, with each share having a proportionally lower price. While the total value of their investment in BEML remains unchanged immediately after the split, the move generally aims to make the shares more accessible to a wider range of investors and potentially boost trading liquidity.

1:2 Stock Split: Defence stock in focus as it is set to turn ex-split on 3rd November Source: Trade Brains

Hindustan Aeronautics Ltd (HAL), a prominent defence company, is undertaking a 1:2 stock split, with its shares trading ex-split from November 3rd. This action means each existing share will divide into two, and the per-share price will be adjusted proportionally, effectively halving. The move is generally intended to boost the stock's liquidity and make it more accessible to a broader base of investors by lowering the price per share.