52-week high alert: This multibagger aerospace and defense company bags multiple orders worth Rs 52.29 crore from the Ministry of Defence!

Shares of the company gained more than 100 per cent in the last six months.

Shares of CFF Fluid Control Limited made a fresh 52-week high of Rs 390.80 on Friday, gaining about 3.10 per cent. The stock is on a rally since the company has bagged multiple orders from the Ministry of Defence and the Government of India.

The company has received three orders in the last few days. The first order has been received for the supply of spares of TWA MCA 62.5 system worth Rs 25.46 crores. The order is to be executed by June 2024.

The second order is for the supply of Spares of the TWA MCA 62.5 System. The order is worth Rs 3.39 crore and is to be delivered by June 2024.

The third order is for the maintenance contract of The TWA MCA 62.5 Systems of Indian Navy Submarines. The order is worth Rs 23.44 crore and the contract is for three years till August 2026.

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. CFF Fluid Control was incorporated with the purpose of having a dedicated new entity focused on meeting the growing requirements of the Indian Navy, Mazagaon Dockyard, and Shipbuilders Limited.

As of FY23, the company has an order book worth 195.7 Crores with 90 per cent of orders from the Indian Navy, of which 93.8 crores are already completed.

The shares of the company have gained over 100 per cent in the last six months and Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.