1:5 Split, Re 0.15 Dividend Finalised: Telecom Co Bags Order, Shares Zoom 568% YTD

Small cap telecom sector company Bondada Engineering today received work orders from Pace Digitek Infra Private Limited for supply of 40 mtr ground based towers 200 KMPH to Assam, amounting to Rs. 5,24,49,171/- (Including GST). Current market price of Bondada Engineering share on BSE is Rs 2790.00 per share with gain of 0.74%. Earlier on July 15, Bondada Engineering approved final dividend of Re 0.15 per equity share of the face value of Rs 10 each for the FY 2024. Record date for dividend is July 26, 2024. It also recommended stock split in the ratio of 1:5 with record date yet to be announced. Bondada Engineering shares offered stunning returns of 148% in last 3-months. Its market capitalisation stood at Rs 6026.97 crore. Check details below:

Bondada Engineering Wins New Orders, Shares Rise Marginally: As per the BSE filing of Bondada Engineering issued as on July 18, 2024, "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 work orders from m/s. Pace Digitek Infra Private Limited. The time period by which the work order needs to be executed is July 31, 2024.

Bondada Engineering Stock Split: The company on July 15 approved sub-division/split of existing 1 (One) equity share of the Company having a face value of Rs. 10/- (Rupees Ten only) each, fully paid-up, into 5 (Five) equity shares having a face value of Rs. 2/- (Rupees Two only) each, fully paid-up, subject to shareholder's approval.

Bondada Engineering Dividend: The company on the same day i.e. July 15 also recommended a final dividend of Re 0.15 per Equity Share of the face value of Rs 10 each (i.e.,@ 1.5%) for the financial year ended March 31, 2024, subject to obtaining shareholders' approval at the ensuing Annual General Meeting ('AGM')." The Company has fixed Friday, July 26, 2024 as the "Record Date".

Bondada Engineering Share Performance: Bondada Engineering shares gained 11% in last 1-week, soared 9% in last 1-month, rose 457% in last 6-months, and zoomed 568% year-to-date. The 52-week high price of Bondada Engineering share is Rs 3049.70 per share (as on 25/06/2024) and 52-week low price is Rs 142.50 per share (as on 30/08/2023), respectively.

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.

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The stock highlights work order, stock split, dividend 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.