Penny stock under Rs 50: This facade system company bags new order worth Rs 52,00,000 from Babbar Films Pvt Ltd
The stock is up by 13.4 per cent from its 52-week low of Rs 40.55 per share.
Faalcon Concepts Limited has secured a new domestic work order valued at Rs 52,00,000 from Babbar Films Private Limited for glass, glazing, and window work at a site located in Arjan Garah, Delhi. The contract, which spans three months, stipulates monthly billing tied to material delivery and performance.
Earlier, has been awarded a domestic work order by Splendor Landbase Limited for the Splendor Epitome project in Gurugram, Haryana. The contract, valued at Rs 1,67,83,730, is for the provision and fixing of ACP sheet cladding, with a project duration of seven months and monthly billing based on material delivery and performance.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Faalcon Concepts Ltd, founded in 2018, specializes 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 30 crore. The stock is up by 13.4 per cent from its 52-week low of Rs 40.55 per share. The shares of the company have an ROE of 40 per cent and an ROCE of 39 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.