1:5 Stock Split Gets Boards’ Nod: Metals Stock Rises 550.51% From 52-Week Low

Small cap company Sprayking Agro Equipment Ltd on Monday announced stock split in the ratio of 1:5. Last trading price of Sprayking Agro shares on BSE is Rs 270.95 apiece with intraday gain of 2.65%. Sprayking Agro shares offered return of 40% in last 6-months and zoomed 612% in last 1-year. Recently a bulk deal also occurred on February 22, 2024. Check details below:

Sprayking Agro Approves Stock Split: As per the BSE filing of Sprayking Agro dated February 26, 2024, "The company's Board of Directors has approved a split of shares, reducing the face value from 10 to 2. This strategic move comes as part of Sprayking Limited's ongoing commitment to enhance shareholder value and improve liquidity in the market. The decision to split shares reflects the confidence the company has in its future growth prospects and its dedication to aligning its capital structure with market dynamics."

Sprayking Agro Shares Performance & Return: The 52-week high price of Sprayking Agro shares on BSE is Rs 300.20 apiece and 52-week low price is Rs 41.79 apiece, respectively. The company has a market capitalisation of Rs 287.29 crore. Sprayking Agro shares gained 32% in last 1-month, zoomed 1250% in last 2-years, and offered gain of 2395% in last 3-years. In last 5-years, Sprayking Agro stock gained 2158%.

Sprayking Agro Financials: The company for the quarter ended December 2023 declared its net profit at Rs 0.12 crore, down 77.2% as against Rs 0.51 crore declared in the corresponding quarter of last year. It announced its net sales for December 2023 quarter at Rs 2.41 crore, down 54.55% from Rs 5.30 crore announced in December 2022. The company's EBITDA stood at Rs 0.32 crore for December 2023 quarter, down 38.46% as compared to Rs 0.52 crore in December 2022. The company's EPS fell to Rs 0.11 in December 2023 from Rs 0.80 in December 2022.

Sprayking Bulk Deal: The most recent Bulk deal for Sprayking Ltd occurred on February 22, 2024 on BSE. 54,228 shares were traded at an average price of Rs 261.38, according to Trendlyne.

About: Formerly known as Sprayking Agro Equipment Limited, the Company have now rebranded itself as Sprayking Limited. This change reflects our evolving business strategy and broader aspirations as we continue to expand our product offerings and explore new avenues in the market. Established in 2005, Sprayking Limited(Formerly known as Sprayking Agro Equipment Limited) is engaged in the manufacturing of brass components and parts, including fittings, forging equipment, transformer parts, and other customized brass components. 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.

Disclaimer:

The stock highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.