Heavy buying and 990 per cent returns: Back-to-back upper circuit in this multibagger stock; reports a 145 per cent jump in net profit!

Shares of the company have gained about 320 per cent in the last six months.

Shares of Bondada Engineering Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 320 per cent.

The company posted strong Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 505.00 crore which grew by 99.11 per cent YoY. The operating profit of the company stood at Rs 49.67 crore, while the PAT of the company stood at Rs 31.44 crore, representing a substantial growth of 145.88 per cent YoY.

Shares of Bondada Engineering Limited have also delivered multibagger returns to their shareholders in less than one year. During this period, the company’s share price jumped from Rs 149.62 on May 03, 2023, to Rs 1642.95 on May 03, 2024, an increase of about 990 per cent in less than a one-year holding period.

Bondada Engineering Limited provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry. The company provides passive telecom infrastructure services which include cell site construction, erection, operation, and maintenance of telecom towers with civil, electrical, and mechanical works

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.