Multibagger stock jumps 30 percent in 3 trading sessions after securing multiple orders totalling to Rs. 406.64 Crores from Bharat Heavy Electricals Limited (BHEL) Bharat Sanchar Nigam Limited(BSNL) and Bharti Airtel Limited.
At 10:15 a.m the shares of Bondada Engineering Limited were trading at Rs. 360.90 per share, up 8.35 percent from its previous day close price of Rs. 333.10 and its market capitalization is Rs. 777.46 Crores.
As per the company’s filing, Bondada Engineering Limited has received an order worth Rs. 1.37 Crore, from Bharti Airtel Limited, for the supply of 6 meter height GI pole of weight 60 kg (Hot Dipped Galvanised) without base PR raise for GI pole and supply of 6 meter height GI pole of weight 60 kg (Hot Dipped Galvanised) without base.
In addition to this in the last 2 days it has received 2 orders worth Rs. 405.27 Crores which consists of an order worth Rs. 381 Crores 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 O&M for 5 years.
The second order was worth Rs. 24.27 Crores from Bharat Heavy Electricals Limited (BHEL) for setting up 2 MegaWatt (MW) Solar PV Projects on “Build Own Operate & Transfer” basis. Following the securing of above orders the stock jumped 30 percent in three trading sessions.
It has delivered multibagger returns of 138 percent in the last six months of listing. A shareholders investment of Rs. 1 Lakh would be worth Rs. 2.38 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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