The stock had declined 3.94% to end at Rs 432.05 on the BSE on Wednesday.
In the last six months, the stock has zoomed 198.02% while the benchmark Sensex has added 6.52% during the same period.
On the technical front, the stock's daily RSI (relative strength index) stood at 75.077. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
On daily chart, the stock is trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 271, 151.03 and 75.52, respectively.
In a regulatory filing made yesterday, Bondada Engineering stated that it has received work orders from Bharti Airtel for suppling hot dipped galvanised GI poles with six meter height and 60 kilograms weight without base to Kerala and Tamil Nadu.
The contract has to be executed by 21 December 2023. The value of the work order is Rs 2.92 crore.
Bondada Engineering is an ISO 9001:2015 certified infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services to customers in the telecom and solar energy industries throughout India.
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