Bondada Engineering (BOM: 543971) Shares Surge Over 3.5% in Morning Trade
Mumbai: Shares of Bondada Engineering Ltd (BOM: 543971) demonstrated significant strength in early trading on the Bombay Stock Exchange (BSE) on Thursday, April 4th. The engineering stock witnessed robust buying interest, pushing its price notably higher.
As of 9:23 am IST, Bondada Engineering was trading at 450.00 INR. This represents a solid gain of 16.05 INR, translating to an increase of 3.70% compared to its previous closing price of 433.95 INR.
The stock experienced some volatility early in the session. It opened higher at 455.00 INR and reached a day’s high of 455.60 INR shortly after. However, it also touched a low of 439.00 INR before recovering to the 450.00 INR mark, indicating active trading.
From a valuation standpoint, Bondada Engineering currently has a market capitalization of 4.94 Thousand Crore INR. The stock trades at a Price-to-Earnings (P/E) ratio of 113.22. The company offers a dividend yield of 0.0067%.
While the current price reflects positive momentum today, it remains considerably below the stock’s 52-week high of 753.98 INR. Nevertheless, it stands substantially above its 52-week low of 182.80 INR, highlighting significant gains over the past year. Market participants are watching the counter closely following its strong start to the day.
