Vijay Kedia’s Portfolio Multibagger Robotic & Automation Stock: Board Approves USD 15 Million Fund Raise For Business Expansion & Bags Order of USD 4 Million
The stock is up by 56.3 per cent from its 52-week low of Rs 409.50 per share; 335 per cent in 2 years and a whopping 770 per cent in 5 years.
On Monday, shares of this multibagger robotic & automation company plunged 0.04 per cent to Rs 639.85 per share from its previous closing of Rs 640.10 per share with an intraday high of Rs 649 per share and an intraday low of Rs 630.20 per share. The stock’s 52-week high is Rs 845.80 per share and its 52-week low is Rs 409.50 per share. The company has a market cap of over Rs 750 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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Affordable Robotic & Automation Limited informs that ARAPL RaaS Private Limited, its subsidiary, has approved a fundraising of 15 million USD to fuel its business expansion and working capital needs. Additionally, ARAPL RaaS Private Limited has secured orders worth 4 million USD, which is anticipated to bolster its revenue and financial performance in the forthcoming quarters. Further details concerning the fundraise and order booking will be disclosed under relevant regulations.
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. The stock is up by 56.3 per cent from its 52-week low of Rs 409.50 per share; 335 per cent in 2 years and a whopping 770 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.