Penny Stock Sprayking Ltd Surges 2% After ₹2 Cr Brass Rod Order; Trades Near 52-Week Low
By Shishta Dutta | Published at: Jul 14, 2025 10:58 AM IST
Jamnagar, July 14, 2025 – Sprayking Limited (BSE: 540079), a listed penny stock in the industrial manufacturing space, rose 2.41% in early trade following news of a ₹2 crore order for 60 metric tonnes (MT) of brass rods. The stock, which has seen over 300% price variation in the last year, remains near its 52-week low of ₹5.36 despite the uptick.
The positive move in the stock stems from renewed investor interest driven by operational traction and consistent order flow. Management’s focus on scaling supply capabilities and strengthening customer confidence appears to be gradually restoring market sentiment, even as the stock continues to trade near its yearly low.
Market Movement
Sprayking Ltd opened at ₹5.97 and hit the same as its intraday high, while slipping to ₹5.87 low as of 10:05 AM. Though up from the previous close of ₹5.81, the stock remains significantly below its 52-week high of ₹23 and trades close to its 52-week low.
| Stock Metrics | Value |
|---|---|
| Last Traded Price | ₹5.87 |
| 52-Week High | ₹23.00 |
| 52-Week Low | ₹5.36 |
| PE / PB Ratio | 28.00 / 2.12 |
| ROE (%) | 7.52 |
| EPS (TTM) | ₹0.21 |
| Market Cap (Full) | ₹62.41 Cr |
| Market Cap (Free Float) | ₹39.51 Cr |
BSE flagged the stock for exhibiting a price variation of over 300% in the past 365 days, indicating high historical price movement.
Order Details
| Particulars | Details |
|---|---|
| Order Quantity | 60 MT |
| Approx. Order Value | ₹2 crore |
| Product | Brass Rods |
| Additional Pipeline | 40 MT (planned) |
The order reinforces the company’s operational engagement in the industrial brass supply chain.
Management Statement
Hitesh Dudhagara, Managing Director, commented:
“This milestone highlights our company’s growing presence in the market and reinforces our commitment to delivering exceptional quality products. With this order, we are confident in continuing our growth trajectory.”
Outlook
Sprayking’s recent order win has provided a short-term boost to its stock, sparking renewed investor attention. While the company’s operational efforts are evident, sustaining upward movement will likely depend on consistent order flow, improved fundamentals, and a reversal of its long-term bearish trend.
Company Profile
Sprayking Limited, formerly Sprayking Agro Equipment Ltd, is engaged in manufacturing and exporting brass components such as extruded rods, fittings, and lead-free products. Headquartered in Jamnagar, the company serves domestic and international markets including the USA, Europe, UAE, and Australia.
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