{"id":118405,"date":"2024-02-01T14:24:22","date_gmt":"2024-02-01T08:54:22","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118405"},"modified":"2024-02-01T14:55:46","modified_gmt":"2024-02-01T09:25:46","slug":"microcap-stock-jumps-after-it-received-an-export-order-worth-%e2%82%b9-40-lakh","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-after-it-received-an-export-order-worth-%e2%82%b9-40-lakh\/","title":{"rendered":"Microcap stock jumps after it received an export order\u00a0worth \u20b9 40 Lakh"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3997280633\"><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>The shares of a leading producer of sprayer components in India rose around 2.2% to \u20b9 220 per share after receiving an export order worth \u20b9 40 Lakhs.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1789326531\"><!-- 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 1:55 p.m., Sprayking Agro Equipment Ltd was trading at \u20b9213.80 per share, down 0.60 % from the previous close price on the national stock exchange. The company has a market capitalization of \u20b9224 crores.&nbsp;<\/p><p>As per the company\u2019s exchange filing, Sprayking Limited announced that the Company has received an Export Purchase order worth \u20b9 40 lakhs for the supply of Plumbing Fittings on a Pilot Project Basis.&nbsp;<\/p><p>This export order underscores Sprayking Limited reflects the company&#8217;s strategic focus on establishing a strong footprint in the overseas market.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1749007055\"><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>Sprayking Limited (Formerly known as Sprayking Agro Equipment Limited) is engaged in the manufacturing of brass components and parts, including fittings, forging equipment, transformer parts, and other customised brass components, Sprayking is a renowned manufacturer specialising in copper forging products.&nbsp;<\/p><p>Sprayking is in the business of manufacturing and trading of agricultural sprayer parts &amp; garden fittings, extruded brass rods, brass fittings &amp; lead-free. The company exports its products to the USA, Europe, Australia, Canada, South Africa, UAE &amp; India.&nbsp;<\/p><p>Additionally, the company manufactures Plumbing Fittings products which are used in bathroom fittings, kitchen fittings, etc. The type of Plumbing Fittings include Adapters, Unions, couplings, Cross, Tees, Elbows, Bushings, and Valves.&nbsp;<\/p><p>According to a year-on-year comparison of financials, Company\u2019s revenue climbed by 890 percent from \u20b93.22 crores in Q2FY23 to \u20b932.51 crores in Q2FY24. Within the same time period, the net profit climbed by 1700 percent, from \u20b90.15 crore to \u20b92.74 crore.<\/p><p>Sprayking Ltd shares have gained 8 percent in the last six months and 570% in a year. For example, a shareholder investment of \u20b9 1 lakh in the company a year ago would be worth \u20b9 6.70 lakhs.&nbsp;<\/p><p>The company has recently acquired a 3,000 sq m manufacturing facility in Jamnagar, Gujarat, aiming to enhance its production capabilities for brass and forging components, thereby reinforcing its market presence.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3429871926\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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>In addition to this, the company has broadened its business horizons by acquiring a 51 percent stake in Narmada Brass Industries. This acquisition focuses on the production of copper-brass goods, boasting an annual capacity of 2,000 tonnes. This strategic move aligns with the company to meet the demands in both domestic and international markets.&nbsp;<\/p><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-722379032\"><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>The shares of a leading producer of sprayer components in India rose around 2.2% to \u20b9 220 per share after receiving an export order worth \u20b9 40 Lakhs.&nbsp; At 1:55 p.m., Sprayking Agro Equipment Ltd was trading at \u20b9213.80 per share, down 0.60 % from the previous close price on the national stock exchange. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"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":[31,13525],"tags":[],"class_list":["post-118405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Microcap stock jumps after it received an export order\u00a0worth \u20b9 40 Lakh - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of a leading producer of sprayer components in India rose around 2.2% to \u20b9 220 per share after receiving an export order worth \u20b9 40 Lakhs.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-after-it-received-an-export-order-worth-\u20b9-40-lakh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microcap stock jumps after it received an export order\u00a0worth \u20b9 40 Lakh\" \/>\n<meta property=\"og:description\" content=\"The shares of a leading producer of sprayer components in India rose around 2.2% to \u20b9 220 per share after receiving an export order worth \u20b9 40 Lakhs.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-after-it-received-an-export-order-worth-\u20b9-40-lakh\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-01T08:54:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-01T09:25:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/index-cover-image-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-after-it-received-an-export-order-worth-%e2%82%b9-40-lakh\/\",\"url\":\"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-after-it-received-an-export-order-worth-%e2%82%b9-40-lakh\/\",\"name\":\"Microcap stock jumps after it received an export order\u00a0worth \u20b9 40 Lakh - 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