Over 900% Return In 1-Year: Small Cap Irrigation Sector Stock Acquires Narmada Brass

Small cap stock operating in Irrigation & Allied sector, Sprayking Agro Equipment Ltd informed BSE on June 30, 2023 about the acquisition of Narmada Brass Industries. Sprayking Agro Equipment shares offered massive return of 927% in last 1-year and 562% return in last 6-months. Check details below:

Sprayking Agro Equipment Acquires Narmada Brass Industries: As per the regulatory filing of the company, "In pursuance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We wish to inform all our stakeholders that our company has completed acquisition of Narmada Brass Industries worth Rs. 5.10 crores for 51% stake in company vide Partnership Deed dated 27" June, 2023."

Sprayking Agro Equipment Stock Performance & Return: Last trading price of Sprayking Agro Equipment share is Rs 151.05 per share. Its 52-week high price is Rs 178.40 per share and 52-week low price is Rs 12.06 per share, respectively. Its market capitalisation is Rs 159.63 crore. Sprayking Agro Equipment shares delivered 744% return in last 2-years, 1800% return in last 3-years, and 1018% return in last 5-years.

About Sprayking Agro: Established in 2005, Sprayking is a renowned manufacturer specializing in copper forging products. With a commitment to quality craftsmanship and exceptional design, Sprayking aims to provide customers with a diverse range of functional and decorative copper products. Sprayking is in the business of manufacturing and trading of agricultural sprayer parts & garden 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.

About Narmada Brass: Established in 2019, Narmada Brass Industries is partnership firm started by Mr.Hitesh Dudhagra. Narmada Brass has its own manufacturing unit of copper brass products. The manufacturing plant has capacity of 2000 ton per annum of forged products.

Disclaimer: The small cap stock informed about acquisition of Narmada Brass Industries. 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 taking any investment decision.