On Thursday, the shares of a micro-cap defence stock hits 5% upper circuit to an all-time high of Rs 372.20 per share after receiving an order from the President of India for the Annual Maintenance of Indian Navy Submarines.
At 12:55 p.m., on the Bombay stock exchange, CFF Fluid Control Ltd shares were trading at Rs 372.20 a share, up Rs 17.70 or 4.99 percent, with a market capitalization of Rs 724.83 crores.
According to the company’s exchange filing, The Company received a contract from the President of India, represented by the CMDE Directorate of Electrical Engineering, for the Annual Maintenance of TWA MCA 62.5 System of Indian Navy Submarines, for an order worth Rs.23.44 crores for a three-year contract ending in August 2026.
CFF Fluid Control Ltd has delivered multibagger returns of 101 percent from its date of listing in June 2023, rising from Rs 183.75 to Rs 369.75. As a result, if an investor bought 1 lakh shares in the last two months, their investment is now worth 2.01 lakhs!
The company’s revenues increased by 51 percent year on year, from Rs 47 crore in FY 21-22 to Rs 71 crore in FY 22-23. Net profit grew by 25 percent within the same time period, from Rs 8 crore to Rs 10 crore.
According to the recent shareholding pattern, Promoters own 73.29 percent of the company, and retail investors own 25.36 percent stake.
CFF Fluid Control Limited is primarily engaged in the business of manufacturing and servicing shipboard machinery and the company also designs, manufactures, and services Mechanical equipment and systems for industries like Nuclear and Clean Energy.
Written by Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
