Hot Stock: This recently listed telecom infrastructure company receives order worth Rs 9,54,03,000 from Hinduja Renewables Energy Pvt Ltd!

The shares of the company have an ROE of 26.1 per cent and an ROCE of 22.3 per cent.

Bondada Engineering Ltd. informed that the company received a new order worth Rs 9,54,03,000 from Hinduja Renewables Energy Pvt Ltd. The order includes supply, service, erection, testing and commissioning of the 16.5 MWp Project at Sivgangai Tamil Nadu. The order will be completed within 4 months from the letter of intent (LOI).

Incorporated in 2012, 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.

On Thursday, shares of Bondada Engineering gained 0.60 per cent to Rs 177.30 per share with an intraday high of Rs 179.10 and an intraday low of Rs 169. The stock is up by 26 per cent from its 52-week low of Rs 142.50 per share.

The stock was listed on BSE under the BSE SME IPO Index with a lot size of 1,600 shares. The company has a market cap of Rs 383 crore. According to the annual results, the net sales increased by 11 per cent to Rs 371 crore and the net profit increased by 80 per cent to Rs 18 crore in FY23 compared to FY22.

The shares of the company have an ROE of 26.1 per cent and an ROCE of 22.3 per cent. Investors should keep an eye on this telecom infrastructure stock.

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