2,300 per cent returns: This micro-cap company receives order worth Rs 1,50,00,000 and launches 5 new products!
From Rs 8.40 per share to Rs 203.25 per share, the stock gave multibagger returns of 2,300 per cent in just 3 years.
Sprayking Agro Equipment Limited, a leading brass manufacturer, announced that the company has received a repeat purchase order worth Rs 1,50,00,000 or Rs 1.5 crore for the supply of brass parts. Further, the company has launched 5 new products such as rectangle profile, section rode, electrical section rode and agricultural gun parts (which are an assembly of 15 products) which shall be used in manufacturing, agricultural and electrical industries.
Additionally, the company is in advance talks with Lixil Group, South Africa for future business orders. Lixil Group officials had visited the manufacturing unit and registered office of the Company dated July 2023. Prior to this Company had submitted a quotation and offer as per the requirement of Lixil Group.
As per their communication received by the company, they have considered the offer given by the company and requested company 10 Prepare samples for their requirement. Currently, the Company is in the process of developing the samples and in the near future shall share the same with Lixil Group for their approval followed by which the Company will receive commercial order from them.
Sprayking Agro Equipment Ltd trading & exports Brass items like Brass sanitary fittings, Brass Agricultural items, etc. The company has a market cap of Rs 215 crore. According to the Quarterly Results, net sales increased by 495 per cent to Rs 16.34 and net profit increased by 3,367 per cent to Rs 1.04 crore in Q1FY24 compared to Q1FY23.
Today, shares of Sprayking Agro Equipment Ltd gained 4.23 per cent to Rs 203.25 per share from its previous closing of Rs 195. The stock’s 52-week high is Rs 209.95 and its 52-week low is Rs 13.56.
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The stock gave multibagger returns of 383.13 per cent in just 6 months and over 800 per cent in 1 year. From Rs 8.40 per share to Rs 203.25 per share, the stock gave multibagger returns of 2,300 per cent in just 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.