Vijay Kedia’s portfolio multibagger robotic & automation stock in green as company received approval from NSE for migration from SME Platform to Main Board
The stock is up by 66 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 850 per cent in 5 years.
On Thursday, one of the Top Gainers on BSE, shares of this multibagger robotic & automation company gained 9.4 per cent to Rs 678 per share from its previous closing of Rs 621.30 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 times on BSE and 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.
The company has received the in-principle approval from the National Stock Exchange of India Limited (NSE) for migration of trading in the equity shares of the Company from the SME Platform (EMERGE) to the Main Board of NSE vide letter reference number Ref: NSE/LIST/54 dated September 25, 2024.
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Earlier, the company 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 621.30 (previous closing) to Rs 679.70 per share (closing price), he gained Rs 58.4 per share and in total, he gained Rs 6,52,16,448 in just 1 day from this stock (11,16,720 shares x Rs 58.4 per share).
The stock is up by 66 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 850 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.