Home / Markets / Stock Markets /  Multibagger stock up over 220% in 6 months, 2:3 bonus share declared

With a market worth of 64.79 Cr, Sprayking Agro Equipment is a small-cap company that works in the capital goods industry. The company is a rising star in the production of custom brass parts such as brass fittings, brass forging equipment, brass transformer parts, and other brass parts.

“The Board of Directors of the Company at their meeting held on 16th March, 2023 has inter alia, considered and approved the following: 1. Approved Issue of Bonus Shares in the ratio of 2:3 i.e. 2 new fully paid Equity Shares for every 3 existing fully paid-up Equity Shares held by the shareholders subject to approval of shareholders through Postal Ballot; 2. Approved the Migration of Company from SME platform of PARAGRAPH

402 wordsBSE to Main Board of BSE Limited as well as on the Main Board of NSE Limited in terms of Chapter IX of SEBI (ICDR) Regulations, 2018 subject to approval of the shareholders of the Company, BSE Limited, National Stock Exchange of India Limited, or such other authorities," said Sprayking Agro Equipment in a stock exchange filing.

The company said the pre bonus issue paid up capital is Rs. 6,34,07,690/- consisting of 63,40,769 Equity Shares of Rs. 10 each and post bonus issue paid up capital shall be upto Rs. 10,56,79,483 consisting of existing 63,40,769 equity shares plus bonus shares upto 42,27,179 equity shares of Rs. 10 each and the estimated date by which such bonus shares would be credited/dispatched: 04th May, 2023.

The last closing price of Sprayking Agro Equipment shares was recorded on Thursday at a fresh 52-week-high of 102.18 apiece level, up by 4.99% from the previous close of 97.32. The stock recorded a total volume average of 12,000 shares and a deliverable volume of 100%. In the last 5 years, the stock has given a multibagge return of 325.75% and in the last 3 years, it has generated a multibagger return of 671.71%. In the last 1 year the stock has generated a multibagger return of 262.98% and on a YTD basis, it has generated a multibagger return of 144.45% so far in 2023. 

In the last 6 months it has generated a multibagger return of 228.55% and has gained 61.29% in the last 1 month. The stock touched a 52-week-low of 20.10 on (18/07/2022) and Sprayking Agro Equipment Ltd recorded a promoter shareholding of 36.41% and a public stake of 63.59% in the Q4FY23.

Vipul Das
Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Recommended For You

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout