Sprayking gains as its arm secures export order for brass billets
Sprayking is currently trading at Rs. 11.42, up by 0.06 points or 0.53% from its previous closing of Rs. 11.36 on the BSE.
The scrip opened at Rs. 11.50 and has touched a high and low of Rs. 11.55 and Rs. 11.40 respectively. So far 52360 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 30.02 on 08-Feb-2024 and a 52 week low of Rs. 11.11 on 03-Dec-2024.
Last one week high and low of the scrip stood at Rs. 11.63 and Rs. 11.11 respectively. The current market cap of the company is Rs. 121.00 crore.
The promoters holding in the company stood at 36.41%, while Non-Institutions held 63.59% in the company.
Sprayking’s subsidiary -- Narmadesh Brass Industries has secured a substantial export order for brass billets. The purchase order, valued at around Rs 5 million, comes from a prominent Dubai-based company, with the goods destined for China, one of the largest and fastest-growing markets globally.
This strategic deal represents a significant milestone for both Nmmadesh Brass Industries and Sprayking, reinforcing their commitment to expanding their global presence and meeting the rising demand for brass components in the international market.
Narmadesh Brass Industries has been recognized for its superior quality in manufacturing precision brass components. The brass billets to be supplied under this order have been meticulously designed to meet international standards, reflecting the company's commitment to excellence and quality assurance.
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.
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