India's Action Construction hits 8-month high after strong Q1 earnings

Action Construction Equipment

21/07/2026 09:28

** India's Action Construction Equipment ACEL.NS jumps 9.1% to eight-month high of 1,081.8 rupees 
** Construction equipment manufacturer's Q1 total income up 19.5% year-on-year, while profit after tax jumps 22.3%
** Co says structural growth drivers for India's construction equipment industry remain intact despite geopolitical tensions in Middle East
** "The company has already implemented cumulative ~12-13% price hikes during CY26 and continues to pursue further calibrated pricing actions to mitigate input cost inflation," ICICI Securities said
** Nearly 5 million shares change hands, 12.6x of 30-day average daily volume



 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))