India, Sept. 30 -- The shares of a Defence company, specializing in providing advanced technology and engineering solutions for the defence industry in India, jumped upto 2 percent upon receiving a Letter of Intent (LOI) worth approximately Rs. 11.69 crore (including tax) from the Indian Navy's Material Organisation.

With a market capitalization of Rs. 1,314.45 crores on Tuesday, the shares of CFF Fluid Control Limited jumped upto 1.56 percent, making a high of Rs. 641.00 compared to its previous close of Rs. 631.10.

What happened CFF Fluid Control Limited, engaged in providing advanced technology and engineering solutions for the defence industry in India, has received a Letter of Intent (LOI) from the Indian Navy's Material Organisat...