Bondada Engineering Stock jumps 5% after receiving Rs1,543 crore EPC order for solar PV Project in Maharashtra
India, Oct. 6 -- This Small-Cap Stock, engaged in providing EPC and O&M services for telecom, renewable energy, railway, power transmission, and other infrastructure projects across India, jumped 5.24 percent after receiving an EPC order aggregating to Rs. 1,153.93 crore for development of a 270 MWp Ground-Mounted Solar PV Project in Maharashtra.
With a market capitalization of Rs. 3,087.72 crores, the share of Bondada Engineering Limited has reached an intraday high of Rs. 284 per equity share, rising nearly 5.24 percent from its previous day's closing price of Rs. 269.85. Since then, the stock has retreated and is currently trading at Rs. 276.50 per equity share.
Reason Behind the Surge
Bondada Engineering Limited has received an EP...
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