Bondada Engineering Limited Share: Bondada Engineering shares were in focus during trading today on Wednesday. The company’s shares rose 4.1% today to an intraday high of Rs 620. A new order is behind this rise in shares. Actually, Bondada Engineering’s subsidiary has received an order of Rs 10.20 crore from Bharti Airtel for the supply of 8 meter poles. Bondada Engineering said that it has received an order from Bharti Airtel to supply meter poles in Haryana. Let us tell you that the company’s shares were split in a ratio of 1:10 earlier this month. Then the price of this share had reached Rs 3400.
what is the detail
“We wish to inform the stock exchange that Bondada Green Engineering, one of the subsidiaries of Bondada Engineering, has received a work order from Bharti Airtel,” the company said in an exchange filing. The deal includes supply of 8-metre height poles, each weighing 82 kg and includes plates, brackets, cross sections for cable GBPA for GI poles. It also includes supply of 6-metre height GI poles, each weighing 60 kg, the company said.
Also read: Share fell from ₹ 21 to ₹ 282, investors went crazy on the share, company announced reduction in debt Also read: This company made a big announcement, investors went crazy on the share, price came down to ₹ 84
IPO came at ₹ 75
Bondada Engineering’s IPO came last year at ₹75. In one year, the stock has given a great return of 1,998%. In the month of August alone, the stock had gained 21.07% on the BSE. While year-to-date, the stock gained a massive 724.74%. At the beginning of January 2024, the stock was at the level of Rs 417.10.