Stock under Rs 100: This penny stock hit the upper circuit after securing an order worth Rs 20.65 crore

The share saw a spurt in Volume by more than 2.04 times.

Faalcon Concepts Limited has received a Rs 20,65,00,000/- order from Maconns Infra Private Limited for their upcoming building Phase -2 at "Digital IT Park" in Noida, Uttar Pradesh, India (G-22, Ground Floor, Vardhman Mayur Market, CSC Mayur Vihar Phase-3, East Delhi, Delhi, India, 110096) for the supply of glass, glazing, and window products. This contract is expected to be fulfilled within a nine-month timeframe.

Earlier, the company received an order from Altrus Healthcare Opp. Uttarakhand Gramin Bank, Dehradun, Uttarakhand - 248001, India for Rs 1,99,00,000/- (Rupees One Crores Ninety Lacs) for the supply of glass, glazing, and window products. This contract is expected to be fulfilled within a four-month timeframe.

Also, the company has received an order worth Rs 9,29,25,000/- from Shakuntla Educational & Welfare Society Galgotias University, located at Plot No. 1, Knowledge Park II, Greater Noida, Gautambuddha Nagar, Uttar Pradesh - 201301) for the supply of glass, glazing, and window products. This contract is expected to be fulfilled within a nine-month timeframe.

Faalcon Concepts Ltd (FAALCON) is currently trading at Rs 68.97 on the BSE, marking a substantial 10% increase from the previous closing price of Rs 62.70. The stock has opened and traded at its daily high of Rs 68.97. While it has reached a 52-week high of Rs 95.00 in the past, it's currently trading within its upper price band of Rs 68.97. The company operates in the Industrial Products sector and is listed on the BSE SME IPO platform.

Faalcon Concepts Limited was a Private Limited incorporated under the Companies Act, 2013 in 2018. It was later converted into a public limited company by shareholders at an Extraordinary General meeting on May 3, 2023. The company's name was changed to Faalcon Concepts Limited and a fresh certificate of incorporation was issued by the Registrar of Companies, Delhi on May 25, 2023. Faalcon Concepts Limited specializes in designing, engineering, fabrication, and installing facade systems, specializing in technically demanding facades.

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