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19-02-2024 10:32 AM | Source: Accord Fintech
Sprayking climbs on receiving order worth Rs 1 crore for supply of Brass Rod

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Sprayking is currently trading at Rs. 274.90, up by 13.25 points or 5.06% from its previous closing of Rs. 261.65 on the BSE.

The scrip opened at Rs. 266.80 and has touched a high and low of Rs. 275.00 and Rs. 262.00 respectively. So far 30446 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 300.20 on 08-Feb-2024 and a 52 week low of Rs. 38.01 on 22-Feb-2023.

Last one week high and low of the scrip stood at Rs. 296.75 and Rs. 243.60 respectively. The current market cap of the company is Rs. 289.61 crore.

The promoters holding in the company stood at 36.41%, while Non-Institutions held 63.59% stake in the company.

Sprayking has received Purchase order worth Rs 1 crore for supply of Brass Rod. The company has undergone a strategic rebranding to better reflect its diverse product offerings and commitment to innovation in the agricultural sector. The latest success in securing a substantial purchase order for Brass Rod further underscores the company’s dedication to delivering high-quality products and meeting the evolving needs of its clients.

The Rs 1 crore purchase order, a testament to the company’s expertise and reputation in the market, highlights the company's continued growth and success in the agro equipment industry. This milestone not only strengthens the company’s financial position but also solidifies its position as a trusted supplier in the market.

The company remains dedicated to advancing its mission of providing cutting-edge agricultural solutions and expanding its product portfolio. The company looks forward to building on this success, forging new partnerships, and continuing to contribute to the growth and efficiency of the agricultural sector.

Sprayking (Formerly known as Sprayking Agro Equipment) is engaged in the manufacturing of brass components and parts, including fittings, forging equipment, transformer parts, and other customized brass components.