Bondada Engineering’s share was the main focus of trading. Share of Bondada Engineering rose by 4.1% to an intraday high of Rs 620.
This rise is due to a new order. A subsidiary of Bondada Engineering received a Rs 10,20 crore order from Bharti Airtel to supply 8-metre poles.
Bondada Engineering announced that Bharti Airtel had given it an order to supply meter poles in Haryana.
Let’s tell you about the recent split of the company shares in the ratio 1:10 that took place earlier this month. The price of the share then reached Rs 3400.
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What Is The Detail?
In a filing to the exchange, the company stated, We would like to inform the stock market that Bondada Green Engineering has received a work order from Bharti Airtel.
The deal, according to the company, includes 8-meter poles weighing 82kg each, including brackets, plates, and cross sections for cable GBPA poles.
The deal also includes the supply of six-metre-high GI Poles weighing 60kg each.
The IPO Was Priced At Rs 75
The IPO of Bondada Engineering was launched last year for Rs 75. The stock returned 1,998% in one year.
The stock gained 21.07 % on the BSE in August alone. The stock has gained an incredible 724.74% year-to-date. The stock price was Rs 417.10 at the start of January 2024.
Quick Fact
| Company name | Bondada Engineering |
|---|---|
| Order received | ₹10.20 crore |
| Client | Bharti Airtel |
| Product supplied | 8-metre poles |
| Pole weight | 82 kg each |
| Pole features | Includes brackets, plates, cross sections |
| Other product | 6-metre GI poles |
| GI pole weight | 60 kg each |
| Share split ratio | 1:10 |
| Previous share price | ₹3400 |
| New share price | ₹620 (intraday peak) |
| IPO price | ₹75 |
| Return in one year | 1,998% |
| Gain in August | 21.07% |
| Gain year-to-date | 724.74% |
| Price at January start | ₹417.10 |
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