900 per cent returns: This multibagger mico-cap stock announces major acquisition!
The scrip witnessed massive spurt in volume
On Friday, shares of Sprayking Agro Equipment zoomed 4.96 per cent to trade at an intraday high of Rs 153.30 apiece on BSE. The scrip witnessed massive spurt in volume.
The company informed the exchange that it has completed acquisition of Narmada Brass Industries, a firm operating in a closely related field, by investing Rs 5.10 crore for 51 per cent stake in company vide partnership deed.
In partnering with Narmada Brass, the company aims to utilize their expertise, resources, and capabilities to enhance their offerings and explore new opportunities. The acquisition is expected to grant the company its own manufacturing plant, enabling an increase in turnover, infrastructure, and customer base. The investment is anticipated to bring numerous benefits to both Sprayking and Narmada Brass.
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Spray King Agro Industries is a leading company in the agricultural sector that specializes in the manufacturing and distribution of innovative crop protection solutions and brass items like brass sanitary fitting, brass agricultural item etc.
The stock has witnessed significant buying activity as it has given multibagger returns of more than 900 per cent in just 1 year. Keep a close eye on this trending multibagger stock.