Mulitbagger stock hit 10 percent upper circuit in the day’s trade after it received an order from Bharat Sanchar Nigam Limited (BSNL) worth Rs. 381.27 Crores for a period of five years.
The shares of Bondada Engineering Limited hit upper circuit in the day’s trade at Rs. 333.10 up 9.99 percent from its previous day close price of Rs. 302.85 and its market capitalization is Rs. 719.56 Crores.
As per the company’s filing, Bondada Engineering Limited has received an addendum work order for Rs. 381.27 Crores, from Bharat Sanchar Nigam Limited (BSNL) for Providing infrastructure as a Service (IaaSP), for supply and erection of GBT and for supply installation of Infrastructure Item and subsequent operation and management for a period of 5 years.
It has delivered multibagger returns of 122.63 percent in the last six months of listing. A shareholders investment of Rs. 1 Lakh would be worth Rs. 2.22 Lakh in a year.
The company’s revenue 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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