Rs 1,747 crore order book and 1,200 per cent returns: Back-to-back upper circuit in this multibagger stock; bags order worth Rs 2,43,86,625!

Shares of the company have gained about 390 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 more than 390 per cent.

Recently, Bondada Engineering Limited has secured a Letter of Intent for an SLA-based optical fiber cable maintenance project from Bharat Sanchar Nigam Limited. The project, valued at Rs. 2.43 crore, involves the repair and maintenance of optical fiber cable routes across various locations in the Madurai Area. This win strengthens Bondada's presence in the telecom infrastructure maintenance sector.

The company posted strong half-yearly Results. The revenue of the company for H2FY24 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. The stock has delivered over 1,200 per cent returns in less than one year.

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 company has a total order book of Rs 1,747 crore.

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.