Vijay Kedia’s portfolio multibagger robotic & automation stock hit 20 per cent upper circuit as company received approval from BSE for migration from SME Platform to Main Board
The stock is up by 70 per cent from its 52-week low of Rs 409.50 per share; gave multibagger returns of 435 per cent in 2 years and a whopping 1,000 per cent in 5 years.
On Wednesday, one of the Top Gainers on BSE, shares of this multibagger robotic & automation company hit 20 per cent upper circuit to an intraday high of Rs 700.05 per share from its previous closing of Rs 583.40 per share. The stock’s 52-week high is Rs 842.18 and its 52-week low is Rs 409.50. At the closing bell, shares of the company were trading at Rs 692.80 per share, up 18.75 per cent. The shares of the company saw a spurt in volume by more than 10 times on BSE and the company has a market cap of Rs 779.14 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 the in-principle approval from the Bombay Stock Exchange of India Limited (BSE) for migration of trading in the equity shares of the company from the SME Platform (EMERGE) to the Main Board of BSE vide letter reference number LO/Migration/CG/IP/134/2024-25 dated August 21, 2024. The company shall be applying for the final approval for the migration in due course.
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 583.40 (previous closing) to Rs 682.80 per share (closing price), he gained Rs 99.4 per share and in total, he gained Rs 11,10,01,968 in just 1 day from this stock (11,16,720 shares x Rs 99.4 per share).
The stock is up by 70 per cent from its 52-week low of Rs 409.50 per share; gave multibagger returns of 435 per cent in 2 years and a whopping 1,000 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.
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