Vijay Kedia reduces stake in this multibagger smallcap stock

Ace investor Vijay Kedia pared stake in Affordable Robotic & Automation during the September quarter. According to the latest shareholding pattern filed by the company for the quarter ended September 2022, Kedia held 12.47 lakh shares or a 12.25% stake in the company.

At the end of March 2022 quarter, Kedia held 14.40 lakh shares or a 14.15% stake in the company. The investor has pared his position in the company by 1.9%.

Kedia holds 16 stocks with an estimated net worth of more than Rs 772.6 crore, Trendlyne data shows.

Affordable Robotic is a multibagger stock with a three-year return of 118%. It is a smallcap company with a market capitalization of Rs 144 crore. Based out of Pune, it serves in automotive, non-automotive, general industries & also in the government sector.