Upper circuit alert: This multibagger micro-cap construction company bags new orders worth Rs 4,05,55,09,669 from Bharat Heavy Electricals and Bharat Sanchar Nigam!

The stock has gained over 100 per cent since listing in August this year.

Bondada Engineering Limited informed in the exchange filing that it has received multiple new orders worth Rs 4,05,55,09,669. The order is from Bharat Heavy Electricals and Bharat Sanchar Nigam. Owning to the positive news, the stock got locked in the upper circuit today.

The first order is for setting up of 2MW Solar PV Projects on a Build Own Operate and Transfer basis, which is worth Rs 24,27,36,621. The second order is for providing infrastructure as a service (IaaSP) for the supply and erection of GBT, infrastructure as a service provider (IaaSP) for supply installation of Infrastructure Item and subsequent O&M for 5 years, and the order is worth Rs 3,81,27,73,048.

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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.

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. The stock has also delivered multibagger returns of over 100 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.