Multibagger stock hit 5 percent upper circuit in the day’s trade after it bagged orders worth Rs 34.35 Crores from Bharat Sanchar Nigam Limited (BSNL) for providing infrastructure as a Service (IaaSP) etc. for a span of 5 years.
At 11:35 a.m the shares of Bondada Engineering limited were trading at Rs. 395, up 3.29 percent from its previous day close price of Rs. 382.40 and its market capitalization is Rs. 861.92 Crores.
Bondada Engineering Limited has received work orders from Bharat Sanchar Nigam Limited (BSNL) for providing infrastructure as a Service (IaaSP) for supply and erection of GBT, Infrastructure as a Service Provider (IaaSP) for supply, installation of Infrastructure Item and subsequent Operation and management for 5 years, for a consideration of Rs. 34,35,68,800.
It has delivered multibagger returns of 165 percent since the last three months of listing on the stock exchange. A shareholder’s investment of Rs. 1 lakh in the company would be worth
The company’s revenue from operations grew 10.92 percent from Rs. 334.11 Crores in FY22 to Rs. 370.59 Crores in FY23, accompanied by increasing profits of Rs. 10.14 Crores to Rs. 17.85 Crores.
It has reported a return on equity (ROE) of 26.79 percent and a return on capital employed (ROCE) of 22.70 percent, it is making good returns on its equity and capital employed.
Bondada Engineering Limited is engaged in providing engineering, procurement, and construction (EPC), operation and maintenance (O&M) services to companies operating in telecom, solar energy and infrastructure.
Written by: Bharath K.S
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