Big order alert: This micro-cap company bags new order worth Rs 9,54,03,000 from Hinduja Renewables Energy!

The company recently listed on BSE and is a part of S&P BSE SME IPO index.

On September 29 2023, the company informed in the exchange filing that it has received an order worth Rs 9,54,03,000 (including GST). The order is from Hinduja Renewables Energy Private Limited for the supply, service, erection, testing commissioning of 16.5 MWp Project at Sivganga.

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 has installed over 11,600 telecom towers and poles out of which, 7,700 telecom towers and poles were installed in the last three years. The company’s manufacturing facility is located in Keesara Mandal, Medchal, Telangana, with an installation capacity of 12 thousand MTPA for tower fabrication.

Bondada Engineering Limited got listed on BSE on August 30, 2023 and is a part of S&P BSE SME IPO index. The initial public offering (IPO) price of Bondada Engineering was set at a price of Rs 75 per share.

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On Friday, the stock opened at Rs 168.00, with a high and low of Rs 180.80 and Rs 167.00. The stock is closed trading at Rs 176.70, up by 5.62 per cent over its previous close of Rs 167.30. The stock has witnessed heavy buying activity from investors. The stock has a 52-week high of Rs 206.90 and a 52-week low of Rs 142.50. The stock has gained over 15 per cent since listing.

Investors should keep a close eye on this stock.

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