27.51% Up In 1 Week! This Penny Stock Signed Exclusive Trademark License Agreement With Hyundai

Sparc Electrex Ltd. signed an exclusive trademark license agreement with Hyundai Corporation Holdings Co., Ltd. Korea. The company informed in an exchange filing on June 27, 2023.

The Trademark license agreement has been signed for developing, producing, sourcing, selling, marketing and distributing the Power Tools and other related auxiliary activities in India under the brand, Hyundai.

The Agreement was executed on 26th June, 2023 (effective from 01st July, 2023) and will be valid till 30th September, 2026, according to the company's exchange filing.

Trademark License Agreement with Hyundai Corporation Holdings Co., Ltd, Korea

According to a regulatory filing by the company, "In continuation to our stock exchange intimation letter dated June 20, 2023 with regards to the above captioned subject, we are glad to inform that the Company, Spare Electrex Limited has signed and thereby entered into an Exclusive Trademark License Agreement with Hyundai Corporation Holdings Co., Ltd, Korea for developing, producing, sourcing, selling, marketing and distributing the Power Tools and other related auxiliary activities in India under the brand, Hyundai."

Stock Outlook

Sparc Electrex is a penny stock, currently trading at Rs 28.32 apiece on BSE, up 4.97% compared to its previous close. The stock's recorded 52 week low is Rs 42.41 apiece and 52 week low is Rs 15.65 apiece.

The stock jumped 27.51% in 1-week, 47.19% in 2 week and 23.51% in 1 month, respectively. It surged 59.64% in 3 months, while in the past 1 year, it jumped 79.92%. It has given a strong return of 272.14% in 2 years. It has given 572.68% positive return in 3 years.

Disclaimer

Sparc Electrex Ltd. signed an exclusive trademark license agreement with Hyundai Corporation Holdings Co., Ltd. Korea. The above-mentioned information is purely informational. Investors are advised to not take this as an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.