{"id":112517,"date":"2023-10-23T14:45:29","date_gmt":"2023-10-23T09:15:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112517"},"modified":"2023-10-23T14:45:34","modified_gmt":"2023-10-23T09:15:34","slug":"newly-listed-defence-stock-receives-an-order-worth-7-19-cr-from-the-indian-navy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/newly-listed-defence-stock-receives-an-order-worth-7-19-cr-from-the-indian-navy\/","title":{"rendered":"Newly listed defence stock receives an order worth \u20b9 7.19 Cr from the Indian Navy"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-216699860\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this microcap defence company have given a multibagger return of 106 percent from its listing price almost 4 months ago, the company today got an order from the Indian navy of Rs. 7.19 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2495355363\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 2:15, 23th October shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543920\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">CFF Fluid Control Ltd<\/a><\/strong> were trading at Rs. 380 per share, down by 2.7 percent from previous closing price of Rs. 390.5 per share. The company has a market capitalization of Rs. 760 crores.\u00a0<\/p><p>On 20th october, the company announced through a regulatory filing on Bombay stock exchange (BSE) that they have received a contract for procurement of Spares of TWA MCA 62.5 System for Indian navy submarines, amounting to approximately Rs. 7.19 crores including taxes.&nbsp;<\/p><p>Since the stock is newly listed, results for previous quarters are not available. On a yearly basis Revenue of the company increased by 50.39 percent to Rs. 70.67 crores in march 2023 from Rs. 46.99 crores in march 2022, in the same time period net profit increased by 31.18 percent to Rs. 10.14 crores from 7.73 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1651604257\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking at the profitability ratios, the company reported return on equity (ROE) of 50.88 percent and return on capital employed (ROCE) of 34.29 percent in the last financial year.&nbsp;<\/p><p>Established in 2012, CFF Fluid Control Limited focuses primarily on the production and maintenance of shipboard machinery. The company specialises in crafting essential component systems and testing facilities designed for use in submarines and surface ships utilised by the Indian Navy.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Vinit Israni&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3622305307\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this microcap defence company have given a multibagger return of 106 percent from its listing price almost 4 months ago, the company today got an order from the Indian navy of Rs. 7.19 crores.&nbsp; At 2:15, 23th October shares of CFF Fluid Control Ltd were trading at Rs. 380 per share, down by [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10756,13598,10755,948,936],"class_list":["post-112517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-cff-fluid-control-latest-news","tag-cff-fluid-control-order-from-indian-navy","tag-cff-fluid-control-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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