August 14 Record Date For 1:1 Bonus Shares: Target Rs. 42-60; But Keep SL AT?

Small-cap manufacturer of brass parts, Sprayking Ltd. produces brass fittings, brass forging equipment, brass transformer components, and other customised brass parts. It is the first listed company in the BSE SME group and the only manufacturer of brass parts. The company has an unmatched clientele in the USA, Europe, Australia, Canada, South Africa, the United Arab Emirates, and India. Its reach is genuinely worldwide. The sole and only first-listed company in the Bombay Stock Exchange's SME segment that uses solely brass metal as a processing material is Sprayking Agro Equipment Limited Company, a public share-holding company.

Sprayking Record Date For Bonus Shares

"In compliance with Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed Wednesday, August 14, 2024 as the record date for the purpose of determining the members, eligible for issuance of bonus shares in the proportion of 1:1* i.e. 1 (one) new fully paid up equity shares for every 1 (one) existing fully paid up equity share held as approved by the shareholders," said the company in a stock exchange filing.

Sprayking Q1 Result Date

"In pursuant to Regulation 29(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 this is to inform you, that meeting of the Board of Directors of Sprayking Limited (Formerly known as Sprayking Agro Equipment Limited)is scheduled to be held on Tuesday, August 13, 2024 at Registered Office of the Company at Plot No. 4009 & 4010, GIDC, Phase III, Dared Jamnagar, Gujarat, 361004 inter-alia to discuss and approve the Unaudited Financial Results (Standalone and Consolidated) for Quarter ended June 30, 2024 and thereon and any other business with permission of Chair. Further, in terms of the Code of Conduct of Company adopted under SEBI (Prohibition of Insider Trading) Regulations, 2015 the trading window for dealing in the securities of the Company is already closed and shall open 48 hours after conclusion of the Board Meeting," Sprayking informed to stock exchanges.

Sprayking Share Price Target

"Sprayking Agro Equipment Limited's current price range looks good for exploring. For those interested in this stock, I would recommend considering the buying range of Rs. 33-38 and investing in parts for a target range of Rs. 42-60. They may hold this stock for 3-10 weeks while following the stop loss of Rs. 31 closely," recommended V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

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