FIIs bought 13,600 shares and Rs 130 crore order book: This aerospace & defence company bags new order worth Rs 4,14,00,000 from Naval Ship Repair Yard
The company's shares have an ROE of 51 per cent and an ROCE of 34.3 per cent.
CFF Fluid Controls Ltd informed that the company has bagged new orders worth Rs 4,14,00,000 (including taxes) from Naval Ship Repair Yard, Naval Base, Karwar. The order includes RRC for routines and repairs of hull valves and doublers onboard P-75 class submarines. The order will be delivered by February 2027.
Earlier, the company received an order worth Rs 4.81 crore (including taxes) from the Indian Navy, Controller Procurement, Material Organisation, Mumbai. The order includes the procurement of a spare P75 project which will be delivered by August 2024.
CFF Fluid Control Limited is primarily engaged in the business of manufacturing and servicing shipboard machinery. The company manufactures critical component systems and test facilities for submarines and surface ships for The Indian Navy. The company has a market cap of over Rs 1,000 crore and including the above orders, the company order book stands at over Rs 130 crore. Additionally, the company reported positive numbers in its half-yearly results (H1FY24) and annual results (FY23).
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Today, shares of CFF Fluid Controls Ltd gained 4.79 per cent to Rs 523.60 per share with an intraday high of Rs 535 and an intraday low of Rs 513. The shares of the company saw a spurt in volume by more than 2.13 times on BSE. The stock’s 52-week high is Rs 548.95 and its 52-week low is Rs 165.
In September 2023, FIIs bought 13,600 shares or 0.07 per cent stake in the company. The company's shares have an ROE of 51 per cent and an ROCE of 34.3 per cent. The stock gave multibagger returns of 185 per cent in just 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.
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