Stock of this SME telecom infrastructure company nearly doubles in 5 weeks

Shares of Bondada Engineering were locked in 10-per cent upper circuit after the company received five-year operations and maintenance (O&M) contract worth of Rs 381 crore from BSNL

Shares of Bondada Engineering were locked in the 10-per cent upper circuit at Rs 331.10 on the BSE on Thursday at 11:48 AM, after the company received five-year operations and maintenance (O&M) contract worth of Rs 381 crore from the state-owned company Bharat Sanchar Nigam (BSNL).

Over the past five weeks, the stock price of the telecom infrastructure company has nearly doubled, zooming 99 per cent. The stock, which debuted on the bourses on August 30, 2023, is trading 344 per cent higher against its issue price of Rs 75 per share.

In an exchange filing, Bondada Engineering