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21-Nov2018

Action Construction trades in green on the bourses

Action Construction Equipment is currently trading at Rs. 90.90, up by 3.10 points or 3.53% from its previous closing of Rs. 87.80 on the BSE.

The scrip opened at Rs. 88.50 and has touched a high and low of Rs. 91.55 and Rs. 88.50 respectively. So far 6219 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 204.20 on 14-Feb-2018 and a 52 week low of Rs. 78.70 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 99.85 and Rs. 86.35 respectively. The current market cap of the company is Rs. 1064.71 crore.

The promoters holding in the company stood at 68.95%, while Institutions and Non-Institutions held 4.22% and 26.82% respectively.

Credit rating agency, CRISIL has reaffirmed rating assigned to Action Construction Equipment's long term bank facilities at 'A+/Stable' and upgraded the rating on the Short term bank facility and commercial paper programme at 'A1+' from 'A1'.

Action Construction Equipment is the leading mobile crane manufacturing company in India.


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