Upper circuit alert: This multibagger micro-cap construction company bags new order worth Rs 1,37,50,000 from Bharat Airtel!

The stock has gained over 140 per cent since listing in August this year.

Bondada Engineering Limited informed in the exchange filing that it has received a new order worth Rs 1,37,50,000 from Bharat Airtel Limited. The order is for the supply of 6 Mtr Height GI pole Wt 60kg (Hot Dipped Galvanised) without Base PR raise for GI pole and for the Supply of 6 Mtr Height GI pole Wt 60kg (Hot Dipped Galvanised) without Base. Owning to the positive news, the stock got locked in the upper circuit on Friday.

The company previously received multiple orders worth Rs. 4,05,55,09,669 from Bharat Heavy Electricals and Bharat Sanchar Nigam. The first order, worth Rs. 24,27,36,621, was for setting up a 2MW Solar PV project on a Build Own Operate and Transfer basis. The second order, worth Rs. 3,81,27,73,048, was for providing infrastructure as a service (IaaS) for the supply and erection of GBT, and for supply installation of Infrastructure Item and subsequent O&M for 5 years.

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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.

The stock has also delivered multibagger returns of over 140 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.