Multibagger penny stock below Rs 10 secures brass billets export procurement contract worth Rs 5,20,00,000 from Green Metals FZCO
The stock gave multibagger returns of 330 per cent in 3 years and a whopping 750 per cent in 5 years.
Narmadesh Brass Industries Limited, a subsidiary of Sprayking Limited, has successfully secured an export procurement contract for brass billets valued at approximately Rs 5.2 crore. This significant order was awarded by Green Metals FZCO, a prominent company based in Dubai, with the final destination for the goods being China. This strategic deal not only underscores Narmadesh Brass Industries' commitment to manufacturing high-quality precision brass components that meet international standards but also significantly enhances Sprayking Limited's global market presence, addressing the growing demand for brass components worldwide.
The contract, valued at Rs 5.2 crore, is for the supply of brass billets and is to be executed within 45 days from the purchase contract date. This international order from an existing customer further solidifies Sprayking Limited's position in the brass components industry and highlights its subsidiary's capability to cater to large-scale international demands. This milestone reflects the company's continuous efforts to expand its global footprint and uphold its reputation for excellence and quality assurance in the fiercely competitive international market.
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Sprayking Limited, formerly known as Sprayking Agro Equipment Limited, has rebranded to reflect its evolving business strategy and expanding aspirations in the market. Established in 2005, the company is a distinguished manufacturer specialising in brass and copper components, encompassing fittings, forging equipment, transformer parts, and customised products. Beyond these offerings, Sprayking continues its involvement in the manufacturing and trading of agricultural sprayer parts, garden fittings, extruded brass rods, and lead-free brass fittings. Driven by a commitment to quality craftsmanship and supported by a cutting-edge Research and Development facility, Sprayking has cultivated a significant global footprint, serving a diverse clientele across the USA, Europe, Australia, Canada, South Africa, UAE, and India.
The company has a market cap of over Rs 70 crore and currently the stock is trading below Rs 10 per share. The stock gave multibagger returns of 330 per cent in 3 years and a whopping 750 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.