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Ai stock jumps 6% after it enters into JV with platinum group for manufacturing of robots in the UAE

AI stock partners with a UAE firm to produce and export "Made in UAE" robots, targeting GCC industries, fostering innovation, and expanding its footprint in robotics across the Middle East.

Introduction:

AI stock has entered a joint venture with a UAE-based firm to manufacture and export “Made in UAE” robots, targeting industries like retail, defence, and government across GCC and Middle Eastern regions, promoting innovation and technological advancements.

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Share Price movement of Kody Technolab:

On December 26, 2024, Kody Technolab Ltd opened at ₹1,645.00, reached an intraday high of ₹1,706.00, and a low of ₹1,645.00. Currently trading at ₹1,618.00, up 4.80% from the previous close of ₹1,604.05, with a market cap of ₹2,142.86 crore.

Kody Technolab  share price rise:

Kody Technolab Limited (KTL) has announced a Joint Venture MoU with Platinum Group for Businessmen Services L.L.C., based in the UAE. The partnership focuses on manufacturing and exporting robots for various industries across GCC countries and the Middle Eastern region.

The joint venture will establish a new manufacturing company to deliver “Made in UAE” robots, catering to sectors like local industries, retail, government, and defence. This collaboration aims to promote innovation and technological advancements in the robotics industry while leveraging UAE’s strategic location.

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This initiative aligns with KTL’s commitment to expanding its global footprint and fostering mutually beneficial collaborations. The joint venture enhances KTL’s presence in the robotics market, strengthening its position as a leading technology provider in the region.

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Recent news About Kody Technolab :

On November 27, Kody Technolab shares rose 2.60% to ₹2,975, backed by 73% promoter holding. With a market cap of ₹1,893 crore, the stock delivered 915% multibagger returns from its 52-week low of ₹293 per share.

Ace investor holding of Kody Technolab:

Shaileshkumar Ishwarbhai Patel, an ace investor, holds 74,300 shares of Kody Technolab Ltd., accounting for a 1.17% stake. With a current price of ₹1,681 per share, his holding is valued at ₹12.5 crore, reflecting a new addition.

Stock performance of Kody Technolab for Period of 1 week, 6 months and 1 year:

Over the past week, Kody Technolab’s stock saw a slight decline of 0.20%. In the last six months, it dropped further by 1.72%. However, over the one-year period, the stock delivered an impressive return of 469%, showcasing remarkable long-term growth.

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Shareholding pattern of Kody Technolab :

SummarySep-24Mar-24
Promoter 73.00%73.00%
FII0.00%0%
DII 0.00%0%
Public27.00%27.00%
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About Kody Technolab :

Kody Technolab is a leading technology company specializing in innovative software solutions and digital transformation. It serves diverse industries with cutting-edge products and services, focusing on robotics, AI, and scalable IT solutions to drive efficiency and business growth globally.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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