Record Date Nears For 1:2 Stock Split of This Penny Stock: Is This The Right Time For Traders To Jump In?

In the production of brass parts, such as fittings, forging equipment, transformer parts, and other customized brass parts, Sprayking Ltd. is an emerging leader. It is the first company in the BSE's SME sector to be listed and produces only brass parts. The organization has an unmatched clientele in the United States, Europe, Australia, Canada, South Africa, the United Arab Emirates, and India, demonstrating its broad worldwide reach. Market watchers will be paying attention to the penny stock Sprayking, which is trading below Rs 10, as the business has announced the record date for the stock split.

Sprayking Stock Split

"We wish to inform you that pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, the Board of Directors of the Company passed the Resolution at the Board Meeting held today, July 29, 2025, and fixed the 'Record Date' on 'Tuesday, August 12, 2025 for the purpose of sub-division /split of each equity share having face value of Rs. 2/- (Rupees Two only) each, fully paid-up into two (2) equity shares having face value of Re. 1/- (Rupee One only) each fully paid-up," said Sprayking in a stock exchange filing.

Sprayking News

The strategic addition of non-metal plumbing products to Sprayking Limited's product portfolio was recently announced on July 28. This action aims to meet the increasing demand in the export market. These fresh products will allow Sprayking Limited to provide its clients across the world with a wider variety of plumbing solutions.

"To support this strategic shift, the company has invested in advanced machinery and dies specifically designed for non-metal product manufacturing. This move marks a key milestone as part of a broader growth strategy to meet standards," said Sprayking in a statement.

Sprayking Target Price

"SprayKing stock price is bullish on the Daily charts with strong support at 5.11. A daily close above resistance of 6 could lead to a target of 7.75 in the near term," commented A R Ramachandran, independent research analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor GoodReturns. The author, nor the brokerage firm nor GoodReturns would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.