Penny stock under Rs 80: This facade system company bags new order worth Rs 9,29,25,000 from Shakuntla Educational & Welfare Society
The shares of the company have an ROE of 62 per cent and an ROCE of 61 per cent.
Faalcon Concepts Limited received a significant order from Shakuntla Educational & Welfare Society (Galgotias University), located in Greater Noida, India. The order value is Rs. 9,29,25,000 (approximately Rs. 9.29 crore). This news is relevant to Faalcon's investors and the stock market as it indicates positive business activity for the company.
This order aligns with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. As per this regulation, listed companies must disclose certain events and information to keep the stock exchange and investors informed. In this case, the significant details of the order include:
- The ordering entity: Shakuntla Educational & Welfare Society (Galgotias University), Greater Noida, India
- Order type: Glass, Glazing & windows
- Billing terms: Monthly, linked to material delivery and performance
- Order duration: 9 Months
- Order Value: Rs. 9,29,25,000
Also Read: Rs 85,000 crore order book: Multibagger railway infra company emerges as lowest bidder (L1) for an order worth Rs 191,53,74,279.51 from South Eastern Railway
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 48 crore.
On Friday, shares of Faalcon Concepts Ltd plunged 4.33 per cent to Rs 70.26 per share with an intraday high of Rs 76 and an intraday low of Rs 70.07 from its previous closing of Rs 73.44. The stock is up by 46.4 per cent from its 52-week low of Rs 48.80 per share. The shares of the company have an ROE of 62 per cent and an ROCE of 61 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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