Vijay Kedia’s Portfolio Gains Rs 14,69,60,352 In Just 1 Day From Multibagger Robotic & Automation Stock; Hit 52-week High With 5.25 Times Spurt In Volume
The shares of the company saw a spurt in volume by more than 5.25 times on BSE and the company has a market cap of over Rs 900 crore.
On Monday, one of the Top Gainers on BSE, shares of this multibagger robotic & automation company gained 18.87 per cent and made a new 52-week high of Rs 829 per share from its previous closing of Rs 697.40 per share. The shares of the company saw a spurt in volume by more than 5.25 times on BSE and the company has a market cap of over Rs 900 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 829 per share (intraday high price), he gained Rs 131.6 per share and in total, he gained Rs 14,69,60,352 in just 1 day from this stock (11,16,720 shares x Rs 131.6 per share).
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 409.50 per share; 580 per cent in 2 years and a whopping 1,070 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.