Multibagger from its 52-week low: Don’t miss action in this micro-cap stock that has announced bonus share!

The company has reduced its debt and as of now is almost debt free.

On Friday, the benchmark indices ended the day flat. BSE Sensex Index is up by 0.04 per cent at a level of 59,655. In the broader markets indices were trading lower, BSE Mid-Cap Index was down 0.36 per cent and BSE Small-Cap index was down 0.27 per cent.   

Today, shares of Sprayking Agro Equipment Ltd surged 1.38 per cent to Rs 147 per share from its previous closing of Rs 145. The stock also traded at a new 52-week high of Rs 147 per share.  

Sprayking Agro Equipment Ltd announced that The Board of Directors of the company have approved bonus shares in the proportion of 2:3 that is 2 (two) new fully paid-up equity shares for every 3(three) existing fully paid-up equity share. The company verified the record date for bonus issue as Sunday, April 30, 2023.  

Sprayking Agro Equipment Limited manufactures hand tools and accessories. The company offers sprayers, plumbing components, screws, transformer parts and other related products. Sprayking Agro Equipment markets its products only in India.  

Talking about the financials, Sprayking Agro Equipment has a market cap of Rs 93.21 crore. The company has reduced its debt and as of now is almost debt free. The stock price CAGR is 460 per cent in 1 year and 122 per cent in 3 years.  

The stock gave multibagger returns of 631.34 per cent from its 52-week low of Rs 20.10 per share. Investors should keep an eye on this stock.