Stock doubled from 52-week low: Multibagger aerospace & defence stock hits back-to-back upper circuits; Scrip trades at high ROE & high ROCE
The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 345.80 per share.
On Thursday, shares of CFF Fluid Controls Ltd hit a 5 per cent upper circuit to Rs 777.15 per share from its previous closing of Rs 740.15 per share. The stock’s 52-week high is Rs 949 and its 52-week low is Rs 345.80. In the recent trading sessions, the stock has been hitting back-to-back upper circuits. At the closing bell, shares of the company were trading at Rs 764 per share, up 3.22 per cent.
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 Rs 1,488 crore and reported positive numbers in its half-yearly results (H2FY24) and annual results (FY24).
CFF Fluid Control Limited has been awarded two significant domestic contracts. Firstly, they have secured an LOI worth approximately Rs 267.60 crore from Cochin Shipyard Ltd. to supply a Low-Frequency Variable Depth Sonar (LFVDS) system for Yard 523-528. The delivery of the LFVDS system is scheduled for June 2032. Additionally, CFF Fluid Control Limited has received a contract worth Rs 10.46 crore from Material Organisation, Mumbai, to provide spare parts for the P75 project. The delivery of these spare parts is slated for January 2025. These contracts highlight CFF Fluid Control Limited's expertise in the field of sonar systems and marine equipment.
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The company's shares have an ROE of 68 per cent and an ROCE of 38 per cent. The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 345.80 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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