Penny stock under Rs 50: This facade system company bags new order worth Rs 4,28,74,062 from LV Creations LLP

Faalcon Concepts Limited has secured a new domestic contract worth Rs 4,28,74,062 from LV Creations LLP. The project, located in New Delhi, involves providing glass, glazing, and window services. The order is expected to be completed within a nine-month period, with billing tied to the project's 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 over Rs 30 crore. The stock is up over 20 per cent from its 52-week low of Rs 37.60 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.