Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; gains over 140 per cent since listing!

The company recently bagged an order worth Rs 85.54 crores.

Shares of CFF Fluid Control Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit. In the last six months, the shares of the company have delivered multibagger returns of over 140 per cent returns.

The company posted strong financial results in FY23. The company's revenue for FY23 stood at Rs 70.67 crore which grew by 50.39 per cent YoY. The operating profit of the company stood at Rs 18.83 crore, while the PAT of the company stood at Rs 10.13 crore, representing a growth of 31.06 per cent YoY.

The company recently bagged an order worth Rs 85.54 crore, for the Supply of Spares of P 75 Project. The order is from Mazagon Dock 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.

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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.

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.