Multibagger Penny Stock Bags 25 Mn Export Order, Shares Gain 989% In 2-Yrs

Small cap company operating in irrigation sector, Sprayking Ltd shares slipped 0.41% despite bagging export order worth Rs 25 million. Current market price of Sprayking Ltd shares on BSE is Rs 17.00 per share. Sprayking Ltd shares zoomed 989% in last 2-years but declined over 8% in last 1-year. The company has a market capitalisation of Rs 179.34 crore. Check details pertaining to new order and shares performance over the years:

Sprayking Ltd Bags New Order: As per the regulatory filing of Sprayking Ltd dated September 16, 2024, "Sprayking Limited (formerly known as Sprayking Agro Equipment Limited), a leader in-the brass and metal components manufacturing industry, is thrilled to announce that its subsidiary, Narmadesh Brass Industries Limited, has successfully secured an export order for the procurement of brass billets. The contract is valued at approximately INR 25 million."

This major export order is a testament to Narmadesh Brass Industries Limited's growing global footprint and the increasing demand for Indian-made brass products in international markets. The brass billets, known for their superior quality and precision, will be supplied to a global client, further solidifying Sprayking Limited's presence in the international brass industry, added the BSE filing.

The export contract aligns with Sprayking Limited's strategic focus on international markets, underscoring the company's ability to compete on a global scale. The brass billets from this contract will be utilized in a wide array of industries, including plumbing, electrical, and industrial applications, ensuring the company's products reach diverse sectors worldwide, stated the exchange filing.

Sprayking Ltd Shares Performance: Sprayking shares fell over 18% in last 1-month, declined 20% year-to-date, and soared 1072% in last 3-years. In last 5-years, Sprayking shares gained 1391% The 52-week high price of Sprayking shares is Rs 30.02 apiece (as on 08/02/2024) and 52-week low price is Rs 16.00 apiece (as on 04/09/2023).

Sprayking Ltd Bonus Share In 2024: As per the BSE filing of the company issued as on August 3, 2024, "In compliance with Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed Wednesday, August 14, 2024 as the record date for the purpose of determining the members, eligible for issuance of bonus shares in the proportion of 1:1* i.e. 1 (one) new fully paid up equity shares for every 1 (one) existing fully paid up equity share held as approved by the shareholders." It declared bonus share in the ratio of 2:3 in 2023 and ex-bonus date was set as April 28, 2023.

Sprayking Ltd Stock Split: The company recommended 1:5 stock split and shares traded ex-split on April 12, 2024.

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, according to its official website.

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