Action Construction Equipment rises on winning order from Ministry of Defence
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Action Construction Equipment is currently trading at Rs. 1251.80, up by 16.20 points or 1.31% from its previous closing of Rs. 1235.60 on the BSE.
The scrip opened at Rs. 1258.65 and has touched a high and low of Rs. 1278.15 and Rs. 1250.00 respectively. So far 5234 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1693.05 on 02-Apr-2024 and a 52 week low of Rs. 643.50 on 12-Sep-2023.
Last one week high and low of the scrip stood at Rs. 1304.20 and Rs. 1225.00 respectively. The current market cap of the company is Rs. 14924.10 crore.
The promoters holding in the company stood at 65.41%, while Institutions and Non-Institutions held 11.92% and 22.66% respectively.
Action Construction Equipment has been awarded with a prestigious order from the Ministry of Defence (MoD) for the supply of 99 forklifts. This order demonstrates its efforts under the ‘Make in India’ and ‘AatmaNirbhar Bharat’ initiatives of the Government of India.
Earlier, the company had bagged order for supply of 285 numbers of Special Forklifts and 6 numbers of Rough Terrain Cranes with 30 tonne Lifting capacity.
Action Construction Equipment is India’s leading material handling and construction equipment manufacturing company with a majority market share in Mobile Cranes and Tower Cranes segment.
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