Multibagger penny stock below Rs 10: Secures Significant Order Worth Rs 5 Million for Brass Product Finishing - Details Inside!
The stock gave multibagger returns of 340 per cent in 3 years and a whopping 700 per cent in 5 years.
Sprayking Limited is thrilled to announce a significant milestone in its growth trajectory: a substantial order from a reputable local supplier for plating and finishing services for brass products. This development highlights the company's expanding market presence and reinforces its commitment to delivering exceptional quality products that meet the highest standards of excellence. The order is valued at approximately Rs 5 million.
Sprayking Limited has already received an advance cheque of Rs 1 million from the supplier, demonstrating mutual trust and confidence in the partnership. This advance payment underscores the strong collaborative spirit between the two companies. The services provided will focus on the plating and finishing of brass products.
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About Company
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 Rs 68 crore and currently the stock is trading below Rs 10 per share. The stock gave returns of 340 per cent in 3 years and a whopping 700 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.