Back-to-back 52-week high: This aerospace & defence company receives order worth Rs 3.39 crore from Eastern Naval Command!

The stock was listed on the BSE on June 16, 2023, at Rs 166.15 per share. Since then, it has given multibagger returns of 120 per cent to its investors.

CFF Fluid Controls Ltd informed that the company has received an order worth Rs 3.39 crore (including tax) from Controller Procurement, Material Organisation (Vizag), Eastern Naval Command, Visakhapatnam. The order includes procurement and supply of spares of the TWA MCA 62.5 system and will be delivered by June 2024.

Previously, the company received an order for the supply of spares of TWA MCA 62.5 system worth Rs 25.46 crore (including tax) from the Government of The Republic of India, Integrated Head Quarters Ministry of Defence, (Navy) DTE of Electrical Engineering. The order is to be executed by June 2024.

On Tuesday, shares of CFF Fluid Controls Ltd surged 4,48 per cent to make a new 52-week high of Rs 360 per share from its previous closing of Rs 344.55. At the closing bell, shares of the company were trading at Rs 337.65 per share, down 2 per cent. In the recent trading sessions, the stock is hitting back-to-back 52-week high.

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 658 crore.

The shares of the company have a ROE of 68.30 per cent and a ROCE of 55.70 per cent. The stock was listed on the BSE on June 16, 2023, at Rs 166.15 per share. Since then, it has given multibagger returns of 120 per cent to its investors. This BSE SME IPO stock should be kept under the radar.

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