Investing in the stock market is considered a risky business, but there are some shares in which the investors became rich in no time. These include the stock of a solar company Bondada Engineering Limited, which has become a multibagger stock for its investors in just one year. The amount of those who invested Rs 1 lakh in the company’s shares has become more than Rs 24 lakh in a year.
Strong return of 2362% in 1 year
Solar company Bondada Engineering is involved in the work of design, survey, supply, installation, testing and solar plant grid connected distribution system. This stock is included in the list of those stocks which have become multibaggers for investors in a short time. This can be gauged from the fact that 1 year ago on August 30, 2023, the price of Bondada Engineering Share was Rs 149.62, which reached Rs 3684.45 on Tuesday, August 27.
According to this, this stock has given a return of 2362.54 percent to the investors. That is, if an investor had invested Rs 1 lakh in this stock a year ago and held it till now, then his amount would have increased to Rs 24,62,000.
Upper circuit is being felt for two consecutive days
The Bondada company’s stock has been hitting an upper circuit for two consecutive days. On Tuesday, the second trading day of the week, as soon as the trading started in the share market, there was an upper circuit of 5 percent in the Bondada share and it reached an all-time high level of Rs 3684.45. Due to the continuous rise in the stock, the market capitalization of the company has also increased and it has become Rs 7960 crore. The price of this share has increased by about 12 percent in five days.
Four times the money in six months
Not only in one year, but Bondada shares have quadrupled the money of its investors in just six months. The price of one share was Rs 890 six months ago and according to this, the return received by investors in this period is 313.98 percent. In the last one month, the price of this share has increased by around 22 percent. However, if we talk about the reason behind the rise in the company’s shares in the last two days, then this rise has come due to a big order.
Orders worth more than Rs 500 crore have been received
Bondada Engineering company has recently received a big order in Maharashtra, after which its shares are running at a rocket speed. Sharing information about this in the stock exchange filing, the company said that it has received this order from Lumina Clean Energy Private Limited, Pure Light Private Limited and VVKR Energy, the value of this order is Rs 576 crore.
(Note- Before making any kind of investment in the stock market, please take advice from your market experts.)
Source (PTI) (NDTV) (HINDUSTANTIMES)