2:3 Bonus Issue: Small Cap Stock Bags Rs 22.5 Mn Order, Soars 812% In 1-Yr

Small cap company operating in irrigation & allied services sector Sprayking Agro Equipment Limited shares gained 3.50% in trade today. The company informed via its BSE filing today about receiving purchase orders worth Rs 22.5 million for supply of Brass parts. Sprayking Agro shares witnessed a sharp rally of 812% in last 1-year. Sprayking Agro stock declined 7% in last 1-month. Earlier, Sprayking Agro shares traded ex-bonus in the proportion of 2:3 on April 28, 2023. Check details below:

According to the BSE filing of Sprayking Agro Equipment dated today, "The company, known for its commitment to excellence and innovation in the industrial sector, has been selected as the preferred supplier for a large-scale project that demands top-tier brass components. This substantial purchase orders reflects the trust and confidence that industry leaders place in Sprayking Agro's craftsmanship, reliability, and dedication to delivering exceptional products."

Commenting on this development, Hitesh Dudhagara, Managing Director of Sprayking said, "We are thrilled to announce that our company has secured a significant orders worth INR 22.5 million Jor brass products. This achievement is a testament to the hard work and dedication of our entire team, and we are extremely proud of this accomplishment."

Sprayking Agro Equipment Stock Performance & Return: Current market price of Sprayking Agro share on BSE is Rs 211.30 apiece with intraday gain of 3.50%. The stock's 52-week high price is Rs 243.20 per share and 52-week low price is Rs 25.08 per share, respectively. The company has a market capitalisation of Rs 223.30 crore. Sprayking Agro shares declined 7% in last 1-month, soared 39% in last 6-months, jumped 812% in last 1-year, and offered a strong rally of 1407% in last 2-years. In last 3-years, Sprayking Agro shares zoomed 2066%.

Earlier last month on November 20, Sprayking Agro shares hit 5% upper circuit after the company declared its board gave nod to raising funds in its subsidiary Narmadesh Brass Industries Ltd via an initial public offering. "The company has approved raising of funds in its subsidiary Narmadesh Brass Industries Limited through an initial public offer, subject to relevant regulatory approvals," stated the company in its BSE filing.

Sprayking Agro Equipment About: Established in 2005, Sprayking Agro Equipment Limited is engaged in the manufacturing of brass components and parts, including fittngs, forging equipment, transformer parts, and other customized brass components. Sprayking 1s a renowned manufacturer specializing in copper forging products. With a commitment to quality craftsmanship and exceptional design, Sprayking aims to provide customers with a diverse range of functional and decorative copper products.

Disclaimer:

The stock highlights the rally in shares after order win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.