CFF Fluid Control soars on getting contract worth Rs 46.46 crore from Mazagon Dock Shipbuilders
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CFF Fluid Control is currently trading at Rs. 450.00, up by 26.20 points or 6.18% from its previous closing of Rs. 423.80 on the BSE.
The scrip opened at Rs. 432.50 and has touched a high and low of Rs. 468.95 and Rs. 432.50 respectively. So far 11600 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 548.95 on 18-Jan-2024 and a 52 week low of Rs. 165.00 on 16-Jun-2023.
Last one week high and low of the scrip stood at Rs. 468.95 and Rs. 355.00 respectively. The current market cap of the company is Rs. 825.31 crore.
The promoters holding in the company stood at 73.30%, while Institutions and Non-Institutions held 0.07% and 26.63% respectively.
CFF Fluid Control has received the Biennial Rate Contract for Engineering Work for Project-MRLC-2 INS SHANKUSH from M/s Mazagon Dock Shipbuilders totalling to around Rs 46.46 crore (Including Tax). The said order is expected to be completed by August 2026.
CFF Fluid Control is primarily in the business of manufacturing and servicing of shipboard machinery, critical component systems and test facilities for submarines & surface ships for The Indian Navy.
