Small Cap Engineering Co Bags Order From BSNL, Shares Gain 123% In 3-Months

Small cap engineering company Bondada Engineering on December 8 informed in an exchange filing that it has received authorisation for placement of work from Bharat Sanchar Nigam Limited (BSNL). BSNL has granted approval to award the work of outsourcing of SLA based comprehensive maintenance of OFC (Existing OFC of BSNL and Incremental OFC laid by BSNL), FLM of GPON Equipment and of Bharatnet Network in the Assam, NE-1 and NE-2 telecom Circle worth Rs 18,04,30,756 (Eighteen Crore Four Lakh Thirty Thousand and Seven Hundred and Fifty Six Only). The time period by which the order is to be executed is one-year.

Bondada Engineering Bags Order From BSNL: According to the BSE filing dated December 8, 2023, "In pursuance to Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, ("the Listing Regulations"), we wish to inform the stock exchange that the Company M/s. Bondada Engineering Limited ("BONDADA") has received an authorisation for placement of work from M/s. Bharat Sanchar Nigam Limited."

Earlier last month on November 16, Bondada Engineering announced receiving a Rs 34.35-crore order from Bharat Sanchar Nigam (BSNL).

Bondada Engineering Stock Performance & Return: Last trading price of Bondada Engineering share on BSE is Rs 418.90 per share with intraday gain of 1.29%. The stock's 52-week high price is Rs 464.70 per share and 52-week low price is Rs 142.50 per share, respectively. The company has a market capitalisation of Rs 904.91 crore. Bondada Engineering shares gained 14% in last 1-month and soared 123% in last 3-months. In last 2-wees, Bondada Engineering shares fell 5.71%.

Bondada Engineering About: BEL is a diverse player in the infrastructure sector. The company is headquartered in Hyderabad and has made its presence felt across India. BEL's specialisation ranges from core services to operations and maintenance services in the infrastructure space.

Disclaimer:

The stock highlights the order from BSNL and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.