Multibagger in just 6 months & FIIs increase stake: This aerospace & defence company bags new orders worth Rs 7,70,00,000 from Goa Shipyard!

The company recently also bagged about a Rs 20.61 crore order from the Indian Navy.

CFF Fluid Control Limited has been awarded a contract worth approximately Rs. 7.70 crores (including tax) by Goa Shipyard Limited for the execution of Heating, Ventilation, Air Conditioning & Refrigeration Systems for Yard 1258. The contract is expected to be completed by April 2027. The company recently also bagged about a Rs 20.61 crore order from the Indian Navy.

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. Additionally, FIIs increased their stake in the company in September 2023.

Also read, A comprehensive guide to building a diversified investment portfolio

The company posted strong half-yearly financial results in H1FY24. The company's revenue for H1FY24 stood at Rs 59.45 crore which grew by 52.58 per cent YoY. The operating profit of the company stood at Rs 17.76 crore, while the PAT of the company stood at Rs 10.10 crore, representing a growth of 57.9 per cent YoY.

Today, the stock opened at Rs 437, with a high and low of Rs 437.00 and Rs 436.50, respectively. The stock is currently trading at Rs 437.00, which increased by 0.83 per cent. The stock has a 52-week high of Rs 494.40 and a 52-week low of Rs 165. 

The stock has given multibagger returns of over 130 per cent during the last six months. Investors should keep a close eye on this stock.

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