52-week high alert: This aerospace and defense company bags new orders worth Rs 25.46 crore from the Ministry of Defence!

52-week high alert: This aerospace and defense company bags new orders worth Rs 25.46 crore from the Ministry of Defence!

Praveenkumar Yadav
/ Categories: Trending, Mindshare

Shares of the company gained more than 70 per cent in the last six months.

CFF Fluid Control Limited informed in the exchange filing that the company has received an order 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.

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 order from Indian Navy, of which 93.8 crores are already completed.

On Friday, the stock opened at Rs 293.00, with a high and low of Rs 317.60 and Rs 268.10. The stock closed trading at Rs 315.50, up by 9.26 per cent.

The stock has a 52-week high of Rs 317.60 and a 52-week low of Rs 165.00. The company has a ROCE of 38.50 per cent and an ROE of 71.2 per cent with a market capitalisation of Rs 614 crore. In the last six months, the shares of the company have delivered over 70 per cent returns.

Investors should keep a close eye on this stock.

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

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