Bondana in limelight

Hyderabad based, Bondana Engineering, is in the news today. The stock, which had closed yesterday at Rs.382.40, opened higher today at Rs.401.50, not too far from its 52-week high of Rs.403.80. Profit booking at this level has now pushed down the stock to Rs.396 level, nevertheless remains in the green.

The stock price rose after the company announced receiving a Rs 34.35-crore order from Bharat Sanchar Nigam (BSNL).

The order is for providing infrastructure as a service (IaaSP) for the supply and erection of GBT, supply installation of infrastructure items and subsequent operation & maintenance (O&M) for five years for the cluster of Lakshadweep.

Prior to this, in this month it for two more orders – one from BSNL for providing infrastructure as and subsequent O&M for five years, amounting to Rs 381 crore and another Rs.1.37 crore roder from Bharti Airtel.