Penny stock under Rs 50: This facade system company bags new order worth Rs 36,03,300 from Sonea Dhir

The shares of the company have an ROE of 40 per cent and an ROCE of 39 per cent.

On Tuesday, shares of Faalcon Concepts Ltd jumped 11.63 per cent to Rs 49.23 per share with an intraday high of Rs 49.40 and an intraday low of Rs 48.90 from its previous closing of Rs 44.10.

Faalcon Concepts Limited has received a new domestic work order from Sonea Dhir, with its office at 04th Floor, Golf Course Road, MPD Tower, Gurugram, Haryana, for the provision of Glass, Glazing & windows at the Graco site, Plot No. 262, phase No – IV, Udyog Vihar, Gurgaon – 122022, India. This order, valued at Rs 36,03,300, is expected to be completed within a timeframe of 06 months, with billing linked to performance.

Earlier, the company secured a domestic work order from Optimist Softech Private Limited for a project involving Glass, Glazing & windows at Plot B- 20, Sector – 132, Noida, Gautam Budh Nagar, Uttar Pradesh - 201301, India. The order, valued at Rs 2,19,48,000, has a duration of 12 months, with billing tied to performance.

Faalcon Concepts Ltd, founded in 2018, specialises in designing, engineering, building and installing exterior building systems (facades) that can withstand harsh weather conditions like UV rays, acid rain and noise. Their product range includes curtain walls, aluminium doors and windows, skylights and various cladding options like stone and metal. They've built a reputation for taking on complex projects and have worked with clients including construction companies, educational institutions and entertainment businesses.

The company has a market cap of Rs 33 crore. The stock is up by 30 per cent from its 52-week low of Rs 38 per share. The shares of the company have an ROE of 40 per cent and an ROCE of 39 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.