Should You Buy PSU BEML Shares Ahead of Diwali To Be Eligible For 1:2 Stock Split By Record Date?

As the record date of its 1:2 stock split record draws near, BEML Ltd., a state-owned defence and heavy equipment company, is in the news. The corporate action aims to increase the liquidity of the company's equity shares on the stock market and to promote broader participation by small investors. Ahead of the split, investors are now considering if this is the right time to buy BEML stock ahead of Diwali amid its robust order book.

BEML Stock Split Record Date

"The Board Meeting held on Monday 29th September 2025, and fixed the 'Record Date' on Monday, 03rd November, 2025 for the purpose of Sub-division/split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 2 (Two) Equity Shares of face value of Rs. 5/- (Rupees Five Only) each fully paid up," said BEML in a stock exchange filing.

BEML Stock Split Details

Before the subdivision, the company's authorized share capital was Rs 100 crore, divided into 10 crore equity shares of Rs 10 each. The issued, paid-up, and subscribed share capital of Rs 41.64 crore consisted of 4.16 crore equity shares, each valued at Rs 10. Following the subdivision, 20 crore equity shares, each valued at Rs 5, have been created from the Rs 100 crore total authorized share capital. In a similar vein, the issued, paid-up, and subscribed share capital is still at Rs 41.64 crore, but the number of shares has increased to 8.32 crore equity shares of Rs 5 apiece.

BEML Target Price 1

Amruta Shinde - Research Analyst at Choice Broking said "BEML is currently trading at ₹4,335.60, showing a sideways trend within a narrow range of ₹4,300-₹4,500, indicating a neutral market sentiment. The RSI at 55.38 supports this consolidation, reflecting limited buying or selling momentum. Technically, the stock is trading above its 20-day, 50-day, and 200-day EMAs, suggesting that the broader trend remains positive despite short-term range-bound movement."

"On the downside, a break below ₹4,300 could lead to further decline toward ₹4,175, which may offer a buying opportunity if reversal signals like bullish candles or higher volumes appear. Conversely, a sustained move above ₹4,475, backed by strong volumes, could indicate a bullish breakout, opening the path toward ₹4,600-₹4,735," Amruta Shinde added.

"Considering the current setup, traders may initiate long positions near ₹4,335.60 with a stop-loss at ₹4,175, while closely monitoring price action around the key support and resistance levels for breakout confirmation," the analyst further recommended.

BEML Share Price Target 2

"BEML continues to maintain its bullish structure after a strong rebound from ₹4200 support. The stock is trading above key moving averages, reflecting trend strength. RSI (14) remains elevated, signaling sustained momentum. A breakout above ₹4380 could open the way toward ₹4500-₹4600, with ₹4200 acting as crucial support," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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