2,000 per cent returns: This micro-cap stock gained 10 per cent as it receives new order worth Rs 1,00,00,000; PAT zooms over 1,000 per cent!
The stock gave multibagger returns of 620 per cent in just 1 year and a whopping 2,000 per cent in 3 years.
Brass manufacturer Sprayking Limited, formerly Sprayking Agro Equipment Limited, announces a Rs 1,00,00,000 purchase order for brass rods, solidifying its commitment to innovation and diverse product offerings in the agricultural sector. This milestone order highlights Sprayking's expertise and strengthens its financial position while solidifying its role as a trusted supplier. Dedicated to providing cutting-edge solutions and expanding its portfolio, Sprayking looks forward to building on this success and contributing to agricultural growth and efficiency.
Earlier, Sprayking Agro secured a Rs 2.25 crore order for brass parts, solidifying their industry position thanks to an unwavering dedication to quality, cutting-edge solutions, and sustainability. This major contract signifies trust in Sprayking's craftsmanship and ability to deliver excellence across diverse industries, propelling them to new heights in the industrial sector.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Sprayking Agro Equipment Ltd trading & exports Brass items like Brass sanitary fittings, Brass Agricultural items, etc. The company has a market cap of Rs 289 crore. According to the Quarterly Results, net sales increased by 520 per cent to Rs 32.65 and net profit increased by 1,062 per cent to Rs 3.37 crore in Q3FY24 compared to Q3FY23.
Today, shares of Sprayking Agro Equipment Ltd surged 10 per cent to an intraday high of Rs 287.80 per share from its previous closing of Rs 261.65 per share. The stock’s 52-week high is Rs 300.20 and its 52-week low is Rs 38.01. At the closing bell, the shares of the company were trading at Rs 273.35 per share, up 4.47 per cent.
The stock gave multibagger returns of 620 per cent in just 1 year and a whopping 2,000 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
For more such updates on the go, Click here to join our WhatsApp Channel