Vijay Kedia's multibagger stock locked at upper circuit as subsidiary signed USD 1.5 million contract with leading US company!
Over the past year, the stock has skyrocketed by an astonishing 391.25 per cent, transforming it into a true multibagger stock.
In the midst of uncertainty and cautious trading in the global markets, there is one stock that has emerged as a shining star: Affordable Robotic & Automation Ltd (ARAPL). This company, a leader in automation for over a decade, operates across various sectors, including Automotive, Non-Automotive, General Industries, Real Estate, and government projects. With a customer base spanning India, China, and other parts of Asia, ARAPL has firmly established itself in the field of Automated Robotic Welding, Robotic Multilevel Parking, and Warehouse Automation.
On a day when the Nifty struggled to maintain stability, ARAPL's stock stood out. It surged to an impressive 10 per cent upper circuit limit at Rs 701.50. What's the secret behind this remarkable performance? The answer lies in the company's subsidiary, ARAPL RaaS. This subsidiary recently signed a game-changing contract worth USD 1.5 million with a leading American company. This contract serves as a testament to ARAPL's global reach and capability.
ARAPL RaaS Pvt. Ltd. is a subsidiary of ARAPL, with the parent company holding approximately 81 per cent of its shares. This subsidiary specializes in a wide range of services, including Warehousing Solutions, Automatic Guided Vehicles (AGV), Truck Loading and Unloading Solutions, Order Fulfilment, Conveyor Systems, Carousels, and various Robotic Applications. Notably, it offers Robotic as a Service (RaaS) – a cutting-edge approach that combines the power of robotics with artificial intelligence.
What makes this success story even more captivating is the involvement of a legendary figure in the stock market: Vijay Kedia. Often referred to as the "man with the Midas touch," Kedia holds a remarkable 12.07 per cent stake in ARAPL, equivalent to 1,228,800 shares. His association with the company is a strong vote of confidence in its potential.
Over the past year, ARAPL's stock has skyrocketed by an astonishing 391.25 per cent, transforming it into a true multibagger stock.
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Disclaimer: The article is for informational purposes only and not investment advice.