Vijay Kedia’s Portfolio Gains Rs 8,40,33,180 In Just 1 Day From Multibagger Robotic & Automation Stock; Jumps 11.9 Per Cent With 3.2 Times Spurt In Volume
The stock is up by 73.2 per cent from its 52-week low of Rs 409.50 per share; gave multibagger returns of 400 per cent in 2 years and a whopping 950 per cent in 5 years.
On Friday, one of the Top Gainers on BSE, shares of this multibagger robotic & automation company gained 11.9 per cent to Rs 708.95 per share from its previous closing of Rs 633.70 per share. The stock’s 52-week high is Rs 727.92 and its 52-week low is Rs 409.50. The shares of the company saw a spurt in volume by more than 3.2 times on BSE and the company has a market cap of over Rs 780 crore.
The buzzing stock name is Affordable Robotic & Automation Ltd.
Affordable Robotic & Automation Limited (ARAPL), a Pune-based company (BSE: 541402), provides automation solutions across various industries including automotive, general, and government sectors. They design, manufacture, and install robotic welding systems, automated parking solutions, and automated warehousing systems. Their offerings include robotic applications for various tasks, project management for welding automation, and different automated car parking systems with annual maintenance options.
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The company has received in-principle approvals from both the National Stock Exchange (NSE) (Ref: NSE/LIST/54 dated September 25, 2024) and the Bombay Stock Exchange (BSE) (LO/Migration/CG/IP/134/2024-25 dated August 21, 2024) to migrate its equity shares from the SME Platform (EMERGE) to their respective Main Boards. The company will now proceed with the application for final approval for this migration.
An ace investor, Vijay Kedia owns 11,16,720 shares or 9.93 per cent stake in the company as of information available on BSE. Therefore, from Rs 633.70 (previous closing) to Rs 686 per share (closing price), he gained Rs 75.25 per share and in total, he gained Rs 8,40,33,180 in just 1 day from this stock (11,16,720 shares x Rs 75.25 per share).
The stock is up by 73.2 per cent from its 52-week low of Rs 409.50 per share; gave multibagger returns of 400 per cent in 2 years and a whopping 950 per cent in 5 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.