Multibagger Engineering stock jumped 4 percent in the day’s trade after it received orders worth Rs. 2.92 Crores from Bharti Airtel Limited for the supply of components for their telecom infrastructure.
At 12:04 p.m. the shares of Bondada Engineering Limited were trading at Rs. 447.50, up 3.58 percent from its previous day’s close price of Rs. 432.05 and its market capitalization is Rs. 966 Crores.
Bondada Engineering Limited has received orders worth Rs. 2.92 Crores from Bharti Airtel Limited for the supply of 2,500 quantities of 6 Mtr Height GI pole Wt 60kg (Hot Dipped Galvanised) without Base to Tamil Nadu and Supply of 2000 quantities of 6 Mtr Height GI pole Wt 60kg (Hot Dipped Galvanised) without Base to Kerala.
It has delivered multi-bagger returns of 198 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 Rs. 2.98 Lakh in 3 months.
Its 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.
In FY23 it 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 provides 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
