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Sprayking Agro Equipment shines on getting nod to acquire 51% stake in Narmada Brass Industries

12 Jun 2023 Evaluate

Sprayking Agro Equipment is currently trading at Rs. 154.00, up by 7.30 points or 4.98% from its previous closing of Rs. 146.70 on the BSE.

The scrip opened at Rs. 150.00 and has touched a high and low of Rs. 154.00 and Rs. 149.00 respectively. So far 11541 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 154.00 on 12-Jun-2023 and a 52 week low of Rs. 12.06 on 18-Jul-2022.

Last one week high and low of the scrip stood at Rs. 154.00 and Rs. 135.05 respectively. The current market cap of the company is Rs. 161.06 crore.

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

Sprayking Agro Equipment has received an approval for the acquisition of 51% stake in Narmada Brass Industries (a partnership firm of Hitesh Pragjibhai Dudhagara and Ronak Hitesh Dudhagara (Directors of Sprayking) as approved by Audit Committee Members) for a total purchase consideration of up to Rs 5.10 crore. The acquisition will provide the company with own manufacturing plant which will help to increase turnover, infrastructure and ability to cater more customers.

Sprayking Agro Equipment is spare parts manufacturing company. Its products include agriculture parts, plumbing component, auto parts, electrical parts, fitting parts, general parts and transformer parts. The company was incorporated in 2005 and is based in Jamnagar, Gujarat.

Sprayking Share Price

1.52 0.06 (4.11%)
17-Apr-2026 16:59 View Price Chart
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