Bondada Engineering's stock price saw a 5% jump to ₹634.05 per share on the BSE following the announcement of securing major orders worth ₹1,132.25 crore. These orders, primarily in the renewable energy and telecom sectors, have sparked interest among investors and those looking to invest in stocks.
Key contracts driving growth
The telecom infrastructure giant won two notable engineering procurement and construction (EPC) contracts for Crystalline Ground-mounted solar PV power plants under the MSKVY 2.0 scheme. The first contract, worth ₹763.16 crore, includes three years of operation and maintenance across various districts in Maharashtra. The second order, valued at ₹369.08 crore, covers the design, engineering, and installation of another solar PV power plant, as well as the maintenance of the 33/11 kV grid systems in the state.
With these wins, Bondada Engineering further solidifies its reputation for excellence in telecom infrastructure and renewable energy, making it an appealing option for those seeking to invest in stocks with strong growth potential.
Stellar share performance
Bondada Engineering's stock has seen a meteoric rise in recent times, increasing by 635% year to date and an astounding 1,414.5% over the last year. These figures dwarf the performance of the BSE Sensex, which has risen just 12.8% year to date and 22.7% over the same period. With a market capitalisation of ₹6,622.11 crore, the company continues to be a hot pick for investors wanting to invest in stocks that show consistent growth and resilience.
Key takeaways
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