Affordable Robotic surges as its step down arm appoints Toyota Lift Northwest as channel partner in USA
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Affordable Robotic & Automation is currently trading at Rs. 324.10, up by 7.10 points or 2.24% from its previous closing of Rs. 317.00 on the BSE.
The scrip opened at Rs. 324.90 and has touched a high and low of Rs. 328.00 and Rs. 320.00 respectively. So far 10400 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 424.20 on 24-Jan-2023 and a 52 week low of Rs. 106.10 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 332.60 and Rs. 308.20 respectively. The current market cap of the company is Rs. 329.92 crore.
The promoters holding in the company stood at 61.48%, while Non-Institutions held 38.52% stake in the company.
ARAPL RaaS International LLC which is 100% Subsidiary of ARAPL Raas has appointed Toyota Lift Northwest as Channel Partner in USA to Strengthen Operations at US region. ARAPL Raas is a wholly-owned subsidiary of Affordable Robotic & Automation (ARAPL).
Toyota Lift Northwest will play a crucial role in driving sales, managing installations and providing after-sales service for ARAPL RaaS products. This partnership allows ARAPL Raas to leverage Toyota Lift Northwest's expertise and market knowledge to effectively serve customers in the USA. This move by ARAPL Raas will increase the company's footprint in the US market with the cost efficiencies and increased reach at the center of the company's growth trajectory.
Affordable Robotic & Automation specializes in analysing the process which is followed in its manufacturing activity and thereby strives to provide quality automation solution to increase the productivity and client’s satisfaction. The company has an in-house team with technical expertise who does the required programming by using advanced software.
