Multibagger Small Cap Stock Jumps On Securing Order Worth Rs 15 Million, Launches 5 New Products

Sprayking Agro Equipment Limited, a brass manufacturer, on Monday, announces that the company has received repeat purchase order worth Rs 15 millions for the supply of Brass parts.

Further, the Company unveiled 5 new products, including the rectangle profile, electrical section rod, section rode, and an agricultural gun parts assembly, comprising 15 individual components. These offerings target the manufacturing, agricultural, and electrical sectors.

Furthermore, the Company stated in the filing that it is in advance talks with Lixil Group ~ South Africa for future business order.

"Lixil Group officials had visited the manufacturing unit and registered office of the Company dated July 2023. Prior to which Company had submitted quotation and offer as per the requirement of Lixil Group - South Africa," the company stated.

It added, "As per their communication received by the Company they have considered the offer given by the Company and requested Company 10 Prepare samples for their requirement. Currently, the Company is in process of developing the samples and in near future shall share the same with Lixil Group for their approval followed by which the Company will receive commercial order from them."

On Monday, following the order announcement Sprayking Agro Equipment shares rallied 1.04%, touched the upper circuit at Rs 202.65 on BSE. It closed at Rs 195 per share.

The stock has fallen 4.06% in 1week. It has given a multiabgger return of 1060.71% in 1 year. It has given 1242.98% multibagger return in 2 years, 2352.83% mutibagger return in 3 years, and 1174.51% positive return in 5 years.

Its 52-week high is Rs 209.95 per share and 52-week low is Rs 13.56 per share on BSE.

About - Sprayking Agro Equipment Limited

Founded in early 1980, Sprayking Agro Equipment Limited is Indutrial sector company engaged Brass Parts manufacturing, including Brass Fittings, Brass Forging Equipment, Brass Transformer Parts & other Customized Brass Parts. With the best of breed resources, global clientele & focus on quality, 100% in-house manufacturing, it is uniquely poised to embark on its mission of ranking amongst top 5 Brass Part manufacturer in terms of technical know-how & other facilitating companies in India.