Engineering Stock Received New Purchase Order Worth Rs. 600 Million Approx, Jumps 176.91% In 3 Months

Sprayking Agro Equipment Ltd. in an exchange filing on June 13, 2023, has informed about the new order it received. The company along with its group entities has received orders worth INR 600 million (approx).

Received orders worth INR 600 million (approx)

The company in an exchange filing has said, "We wish to inform all our stakeholders that the company alongwith its group entitites has received orders for worth lNR 600 millions. The Press release for the same is enclosed for supply of Brass parts to the party to be completed in I year span."

Management Comment

Commenting on this development, Mr. Hitesh Dudhagara, Managing Director of Sprayking said, "We are glad to announce that we have received such large order. We have received this purchase order dated June 10, 2023. Our team is very enthusiast to work relentlessly to achieve higher goals and to complete this order in time. This order will give a good mileage to the group and through the same it will increase topline of the Group. I thank the entire team of Sprayking and all our partners for their efforts, hardwork and dedication in pushing the Company forward."

Stock Outlook

The share price of Sprayking Agro Equipment rallied 3.99%, hit the 52 week high, ended at Rs. 160.15 apiece. It surged 16.9% in the past 1 week.
It gave a robust return of 49.67% in 1 month and 176.91% in 3 months, respectively. It gave a multibagger return of 764.9% in 1 year, 792.6% in 3 years, and 854.96% in 5 years, respectively.

It traded the 52 week high on 13 June 2023 at Rs. 161.70 apiece and 52 week low on 18 July 2022 at Rs. 12.06 apiece, respectively.

About - Sprayking Agro Equipment Limited

Established in 2005, Sprayking is in the business of manufacturing and trading of agricultural sprayer parts & garden fittings, ball valves & NRV'S, turning components, brass pipe & plumbing fittings, sanitary fittings, brass compression fittings, extruded brass rods, brass fittings & lead free brass fittings and forging specialty. The Company has a truly global presence with an unparalleled clientele in USA, Europe, Australia, Canada, South Africa, UAE & India. The high quality Products, Technical knowledge & infrastructure enable Company to encompass global markets.

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