400 per cent multibagger returns and Heavy buying: This defence & aerospace stock bags new orders worth Rs 266 crore from Garden Reach Shipbuilders!

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

Shares of CFF Fluid Control Limited were locked in the upper circuit on Monday, gaining 10.00 per cent. The stock has witnessed heavy buying activity from investors on Monday. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained more than 100 per cent.

CFF Fluid Control has secured two contracts totalling Rs. 276.52 crore. The larger contract, valued at Rs. 266.94 crore (including tax), involves supplying Low Frequency Variable Depth Sonar (LFVDS) to Garden Reach Shipbuilders & Engineers Ltd for their anti-submarine warfare shallow water craft project. This domestic order has a long lead time with delivery expected by June 2032.

The second contract, worth Rs. 9.58 crore (including tax), is for the procurement of Spare P75 Project from Material Organisation, Mumbai. This domestic contract has a shorter turnaround time with delivery expected by December 2024. These wins highlight CFF Fluid Control's contribution to India's defence sector.

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 shares of CFF Fluid Control Limited have also delivered multibagger returns of over 400 per cent in the last one year.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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