Rs 1,695 crore order book: This multibagger telecom infrastructure company bags new order worth Rs 34,93,17,121 from Sundrops Energia Ltd!
The stock gave multibagger returns of 193 per cent from its 52-week low of Rs 142.50 per share.
Bondada Engineering Ltd informed that the company received a new order worth Rs 34,93,17,121 (including GST) from Sundrops Energia Private Limited. The order includes the supply of the equipment for Solar Power Plant and to be completed on or before May 5, 2024.
DSIJ offers a service 'Pop BTST" with recommendations for intraday stocks for tomorrow based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Earlier, the company received an order worth Rs 3,24,50,000 (including GST) from Bharti Airtel Ltd. The order includes the supply of a 6-metre height GI pole weight 60kg (Hot Dipped Galvanised) without base, 5,000 quantities to Tamil Nadu.
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. As of December 31, 2023, the company’s order book stands at Rs 1,695 crore.
On Tuesday, shares of Bondada Engineering touched its 52-week high of 933.00 Rs 417.70 per share. The stock gave multibagger returns of 193 per cent from its 52-week low of Rs 142.50 per share. The shares of the company locked in the lower circuit of 5 per cent today.
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 1,942 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 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.