Shares of Faalcon Concepts Ltd have surged nearly 28% in the last two sessions, closing 7.59% higher at ₹54.99 on Thursday. The rally comes after the Gurgaon-based architectural facade and glazing solutions company announced a fresh work order win from Signatureglobal (India) Ltd.
Fresh order details
The company secured a contract worth ₹1.18 crore for glass, glazing, and window installation work at Building 37D, SG City-II, Sector-37D, Gurgaon, Haryana. The project will be executed over six months under performance-based billing.
Faalcon clarified that neither its promoters nor promoter group have any interest in Signatureglobal, and the order does not fall under related party transactions.
Market performance
Faalcon Concepts, with a market capitalization of ₹35.2 crore, had earlier locked in at the 20% upper circuit, hitting a high of ₹51.57 from its previous close of ₹42.98. The latest rally reflects sustained investor optimism as the company expands its portfolio of real estate projects.
About the company
Faalcon Concepts Ltd specializes in designing, fabricating, and installing architectural facade systems including glazing, aluminium doors and windows, skylights, canopies, cladding, and roofing. It caters to projects across several Indian states and has a growing international footprint.
