Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; reports 690 per cent jump in net profit!
Shares of the company have gained about 150 per cent in the last six months.
Shares of Affordable Robotic & Automation Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The company has delivered impressive Half-yearly Results. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit.
The company posted strong Half-yearly Results. The revenue of the company for H2FY23 stood at Rs 95.02 crore which grew by 86.28 per cent YoY. The operating profit of the company stood at Rs 16.91 crore, while the PAT of the company stood at Rs 13.03 crore, representing an impressive growth of 697.13 per cent YoY.
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Affordable Robotic & Automation Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 133.20 on August 29, 2022, to Rs 831.30 on August 25, 2023, an increase of about 500 per cent in one year holding period.
Affordable Robotic and Automation Limited is a Turnkey Automation Solution provider for all kinds of Industrial Automation needs such as Line Automation, Assembly Lines, Conveyors, Robotic Inspection Stations, Pick and place Systems, Gantry, Auto Assembly stations etc. It also offers material handling automation services and has forayed into automated car parking systems.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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