During today’s end, the small cap company Affordable Robotics & Automation Ltd. achieved a market cap of Rs. 306.00 cr. Pune, India based Affordable Robotics & Automation Limited (ARAPL) is a leader in the automation industry with over a decade of experience in the automotive, non-automotive, general and government sectors. ARAPL’s customers can be found in China, India and other Asian countries. The main area of expertise is automated car parking systems, according to the company. According to the official website of Affordable Robotics & Automation, it is a turnkey automation solution provider for all types of industrial automation needs including Line Automation, Assembly Line Automation, Conveyor Automation, Robotic Inspection Station, Pick and Place System, Gantry Automation, Auto… Assembly Stations, Robotic Welding Cells and Lines, Fixed, Indexing and Rotary Type Welding Fixtures, Spot, Mig and Tig Welding Robotic Cells, SPM for Welding, Pneumatic, Hydraulic and Hydro-Pneumatic SPM, Jigs, Gauges and Fixtures.
As of March quarter of FY 2022-23 or Q4FY23, veteran investor Vijay Kedia held 13,60,800 shares, representing 13.40% stake in the firm. He held 12.3% stake in Affordable Robotics & Automation during the Sep 2022 quarter. As of March quarter of FY 2022-23, Vijay Kedia held 12,28,800 shares or 12.10% stake in the firm. His company, Kedia Securities Pvt Ltd, currently holds 1,32,000 shares or 1.30% stake in the corporation, taking the total stake in Affordable Robotics & Automation to 13.40% during Q4FY23. Vijay Kedia has also picked up a fresh stake of 1.3% or 10,000,000 shares in Patel Engineering and 1.1% or 1,000,000 shares in Precision Camshaft Ltd during Q4FY23. Vijay Kishanlal Kedia publicly holds 17 stocks with a net worth of more than Rs. 811.8 crore, as per the latest declared corporate shareholding.
Shares of Affordable Robotics & Automation closed on BSE today. 300.60 each level, down 1.57% from previous close 305.40. The stock registered a total traded volume of 11,200 shares and the delivered volume of 7,200 shares. In last 1 year, the stock has gained 82.41% and on YTD basis, it is up 16.68% in 2023 so far. It gave multibagger return of 101.44% during last six months but it has lost 4.43% in last month. The stock touched a 52-week high 424.20 (24/01/2023) and at 52-week low on 106.10 (21/06/2022). During the quarter ended March 2023 or Q4FY23, the company recorded promoter shareholding of 61.48% and public shareholding of 38.52%.
Commenting on the fundamental outlook of the stock, AR Ramachandran, Co-Founder & Trainer – tips2trades said, “Fundamentals, Affordable Robotics & Automation looks overvalued along with very high PE ratio. Technically also the stock’s The price looks bearish on the daily chart. With a strong resistance at 318. A daily close below the 300 support could take it towards a target of 278 in the near term.
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