Buy Action Construction Equipment, target price Rs 282: ICICI Direct – Economic Times

ICICI Direct has buy call on with a target price of Rs 282. The current market cost of Action Construction Equipment is Rs 251. 5. Time period given by analyst is 3 months when. price can reach defined target.

Action Building Equipment Ltd., incorporated in the year 1995, is the Small Cap company (having a market cap of Rs 2991. 97 Crore) operating in Engineering sector.

Action Structure Equipment Limited. key Products/Revenue Segments include Cranes, Design Equipment and Material Handling Equipments for the year ending 31-Mar-2021.

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 522. 55 Crore, up 1 . 27 % from last quarter Total Income associated with Rs 515. 99 Crore and up 61. 32 % from last year same quarter Complete Income of Rs 323. 93 Crore. Company reported net profit after tax of Rs 45. 27 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 66. 76 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4. 65 per cent, DIIs four. 15 %.

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