Rs 1,747 crore order book and 1,000 per cent returns: This multibagger telecom stock bags new order worth Rs 1,36,88,000 from Bharti Airtel!

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

Bondada Engineering Limited secured a new order from Bharti Airtel Limited for the supply of galvanized iron (GI) poles. These poles will be 6 meters tall, weigh 60 kilograms each, and won't have a base. The total value of the order is Rs. 1,36,88,000 and will be delivered to Tamil Nadu and Kerala.

This win strengthens BONDADA's position in the domestic telecom infrastructure sector, showcasing their ability to supply essential equipment for Bharti Airtel's network expansion plans. The company has a total order book of Rs 1,747 crore.

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.

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 August 30, 2023, to Rs 1696.35 on May 08, 2024, an increase of about 1,000 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.