1:1 Bonus Share Recommended During Market Hrs: Irrigation Stock Rallies 1229% In 2-Yrs

Small cap company operating in irrigation sector, Sprayking Ltd shares gained 2.87% after the company today (July 1, 2024) recommended 1:1 bonus share. Current market price of Sprayking share on BSE is Rs 40.20 per share. Sprayking shares offered return of 1229% in last 2-years and surged 3.03% in last 1-week. Earlier on April 12, 2024 the company recommended 1:5 stock split and fixed April 12, 2024 as the record date. Check details below:

Sprayking Ltd Recommends 1:1 Bonus Share: As per the regulatory filing of Sprayking Ltd issued as on July 1, "approved Issue of Bonus Shares in the ratio of 1:1* i.e. 1 new fully paid Equity Shares for every 1 existing fully paid-up Equity Shares of Rs. 02 each held by the shareholders of the Company as on the record date to be fixed by the Board / a committee of the Board, subject to the approval of shareholders through Postal Ballot."

Details Of Share Capital-Pre And Post Bonus Issue: The BSE filing added, "Pre-Bonus paid-up share capital: Rs. 10,56,79,460 divided into 5,28,39,730 Equity Shares of face value of Rs. 02 each. Post-Bonus paid-up share capital: Rs. 21,13,58,920 divided into 10,56,79,460 Equity Shares of face value of Rs. 02 each."

Sprayking Agro Shares Performance & Return: The company has a market capitalisation of Rs 212.42 crore. Sprayking shares slipped over 2% in last 2-weeks, fell 5% year-to-date, gained 33% in last 1-year, and soared 1021% in last 3-years and offered eye-popping returns of 1660% in last 5-years. Sprayking shares 52-week high price is Rs 60.04 apiece (as on 08/02/2024) and 52-week low price is Rs 16.62 apiece (as on 18/04/2023).

Sprayking Stock Split In 2024: As per the BSE filing of the company issued as on April 1, 2024, Board of Directors of the Company fixed the 'Record Date' as Friday, April 12, 2024 for the purpose of sub-division /split of each equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into five (5) equity shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up.

Sprayking Ltd Bonus Share In 2023: The company declared bonus share in the ratio of 2:3 in 2023 and ex-bonus date was set as April 28, 2023.

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.

Disclaimer: The stock highlights the stock split, bonus share 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.