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SME multibagger Telecom company bags order from BSNL worth Rs 2,43,86,625, FIIs increased stake, stock gains over 300 per cent in just 6 months!
Rakesh Deshmukh

SME multibagger Telecom company bags order from BSNL worth Rs 2,43,86,625, FIIs increased stake, stock gains over 300 per cent in just 6 months!

The stock has delivered a remarkable return of over 300 per cent in just 6 months only.

In recent development, the Small-Cap company specializes in offering engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) solutions to firms operating within the telecom and solar energy sectors. The company has bagged a significant order from BSNL.

Bondada Engineering Limited ("BONDADA") has been issued a Letter of Intent for the e-tender concerning SLA-based Optical Fiber Cable Route Repair & Maintenance (R&M) services across various OFC Routes within Package-01 for DGM, CNTX-S, Madurai Area by Bharat Sanchar Nigam Limited, with an order value totalling Rs. 2,43,86,625/- (Rupees Two Crores Forty-Three Lakhs Eighty-Six Thousand Six Hundred and Twenty-Five Only).

The company delivers passive telecom infrastructure services encompassing cell site construction, erection, operation, and maintenance of telecom towers, complete with civil, electrical, and mechanical works. Additionally, they supply poles and towers, lay and maintain optical fiber cables, provide power equipment, and offer other telecom infrastructure-related services to prominent telecom companies and tower operators throughout India.

Share Performance

On Wednesday, the company's stock closed at around Rs 1766 per share, with a market capitalisation of Rs 3815 crore. Additionally, the stock has delivered a multibagger return of around 352 per cent in the past 6 months only. In terms of shareholding pattern, as of March 2024, the company’s promoters maintain a steady 63.33 per cent stake in the company, reflecting their continued commitment to its growth trajectory. The public ownership stands at 35.71 per cent as per the recent update while FIIs increased their stake from 0.48 per cent to 0.95 per cent.

Investors must keep this small-cap stock on their radar.

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

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

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