Bondada Engineering soars on incorporating wholly owned subsidiary
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Bondada Engineering is currently trading at Rs. 1190.00, up by 47.60 points or 4.17% from its previous closing of Rs. 1142.40 on the BSE.
The scrip opened at Rs. 1142.00 and has touched a high and low of Rs. 1190.00 and Rs. 1142.00 respectively. So far 6400 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,190.00 on 12-Apr-2024 and a 52 week low of Rs. 142.50 on 30-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1190.00 and Rs. 960.50 respectively. The current market cap of the company is Rs. 2467.82 crore.
The promoters holding in the company stood at 63.33%, while Institutions and Non-Institutions held 0.48% and 36.19% respectively.
Bondada Engineering has incorporated a wholly owned subsidiary namely, Bondada Green Engineering. The main objective of the New Subsidiary is to manufacture metal frameworks or skeletons for construction, including towers, masts, trusses, bridges, and other related components. The Company holds 100% of the share capital of Bondada Green Engineering. Hence, it’s a wholly owned subsidiary of the Company.
is engaged in the business of providing engineering, procurement and construction (EPC) services and operations and maintenance (O&M) services to its pan India customers operating in telecom and solar energy industry.
