{"id":112492,"date":"2023-10-23T12:42:16","date_gmt":"2023-10-23T07:12:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112492"},"modified":"2023-10-23T13:51:34","modified_gmt":"2023-10-23T08:21:34","slug":"microcap-stock-jumps-up-to-4-after-it-receives-order-worth-15-cr-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-up-to-4-after-it-receives-order-worth-15-cr-check-the-details\/","title":{"rendered":"Microcap stock jumps up to 4% after it receives order worth \u20b9 15 Cr for supply of brass parts"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-411633714\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this microcap metal company gained 4 percent today after the company announced a new order worth Rs. 15 crores and acquisition of a new plant in Jamnagar.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-934475394\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 10:05, 23th October shares of Sprayking Agro Equipment Ltd were trading at Rs. 206 per share, up by 4 percent from previous closing price of Rs. 197.75 per share.&nbsp;<\/p><p>Such bullish stock price movements were observed after the company announced through a regulatory filing on Bombay stock exchange (BSE) that they have received orders worth Rs. 15 crores for supply of brass parts. Recently, the company has also purchased a 3000 square metre modern manufacturing facility in Jamnagar Gujarat, which will help the company strengthen its market position.&nbsp;<\/p><p>Moving onto the financials of the company, revenue increased by almost 8 times to Rs. 16.34 crores in Q1FY24 from Rs. 2.75 crores in Q1FY23, in the same time period net profit went from Rs. 0.03 crores to 1.04 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1520336897\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking at the profitability ratios, the company reported return on equity (ROE) of 10.04 percent and return on capital employed (ROCE) of 13.82 percent in the last financial year.&nbsp;<\/p><p>Sprayking Agro Equipment Limited manufactures agricultural sprayer parts, Irrigation parts, garden fittings since 1994. They manufacture OEM parts for some of the giant companies of India in agricultural sectors.&nbsp;<\/p><p><strong>Written by: Vinit Israni\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1422930119\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this microcap metal company gained 4 percent today after the company announced a new order worth Rs. 15 crores and acquisition of a new plant in Jamnagar.&nbsp; At 10:05, 23th October shares of Sprayking Agro Equipment Ltd were trading at Rs. 206 per share, up by 4 percent from previous closing price of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-112492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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