{"id":121644,"date":"2024-04-02T13:10:20","date_gmt":"2024-04-02T07:40:20","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121644"},"modified":"2024-04-02T13:10:23","modified_gmt":"2024-04-02T07:40:23","slug":"stock-jumps-13-7-after-companys-board-approves-15-stock-split","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-13-7-after-companys-board-approves-15-stock-split\/","title":{"rendered":"Stock jumps 13.7% after company&#8217;s board approves 1:5 stock split  \u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-532884302\"><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 13.7% to \u20b9238 per share following board approval of a stock split in the ratio of 1:5.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4292514318\"><!-- 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 11:55 a.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/540079\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Sprayking Ltd<\/a><\/strong> shares were trading at \u20b9229.55 apiece, up 9.65% from the previous close price on the national stock exchange. The company has a market capitalization of \u20b9242 crore.\u00a0<\/p><p>The company&#8217;s board has approved the subdivision\/split of equity shares, transitioning from \u20b910 face value to \u20b92 each in a 1:5 ratio. Consequently, shareholders will receive 5 additional shares for each share held. The Record Date is set for Friday, April 12, 2024, as disclosed in the company&#8217;s exchange filing.&nbsp;<\/p><p>Spraying Limited recently announced a \u20b918 crore expansion project for its manufacturing facility, involving the importation and installation of cutting-edge machinery. These enhancements to integrate in Spraying Limited&#8217;s modern 3,000-square-meter manufacturing plant&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1364752236\"><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 customized 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>The Company experienced substantial growth in its financials, with revenue soaring by 520% from \u20b95.27 crores in Q3 FY23 to \u20b932.65 crores in Q3 FY24. Net profit also surged by 1062% from \u20b90.29 crore to \u20b93.37 crore during the same period.&nbsp;<\/p><p>Sprayking Ltd shares surged by 26% in the past six months and by 205% in the last 12 months, exemplifying remarkable shareholder returns. For instance, an investment of \u20b91 lakh in the company a year ago would now be valued at \u20b93.05 lakhs.<\/p><p>Additionally, the company recently acquired a 3,000 sq m manufacturing facility in Jamnagar, Gujarat, aiming to bolster its production capabilities for brass and forging components, thereby strengthening its market presence.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2685935490\"><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>Moreover, it expanded its business scope by acquiring a 51% stake in Narmada Brass Industries, enhancing its production capacity of copper-brass goods to 2,000 tonnes annually. This strategic move aligns with the company&#8217;s efforts to meet burgeoning demands in both domestic and international markets.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer <\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><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-722731778\"><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 13.7% to \u20b9238 per share following board approval of a stock split in the ratio of 1:5.&nbsp; At 11:55 a.m., Sprayking Ltd shares were trading at \u20b9229.55 apiece, up 9.65% from the previous close price on the national stock exchange. The company [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20788,"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":[31,1789],"tags":[17537,17536,17535,17538,948,936,17539],"class_list":["post-121644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sprayking-latest-news","tag-sprayking-news","tag-sprayking-stock","tag-sprayking-stock-split","tag-stock-market","tag-stock-market-news","tag-why-is-sprayking-share-going-up"],"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>Stock jumps 13.7% after company&#039;s board approves 1:5 stock split \u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of a leading producer of sprayer components in India rose around 13.7% to \u20b9238 per share following board approval of a stock split in the ratio of 1:5.\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\/stock-jumps-13-7-after-companys-board-approves-15-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock jumps 13.7% after company&#039;s board approves 1:5 stock split \u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of a leading producer of sprayer components in India rose around 13.7% to \u20b9238 per share following board approval of a stock split in the ratio of 1:5.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-jumps-13-7-after-companys-board-approves-15-stock-split\/\" \/>\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=\"2024-04-02T07:40:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T07:40:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Markets-up-Cover-Image.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\/stock-jumps-13-7-after-companys-board-approves-15-stock-split\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-jumps-13-7-after-companys-board-approves-15-stock-split\/\",\"name\":\"Stock jumps 13.7% after company's board approves 1:5 stock split \u00a0 - 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