India's Action Construction hits record high on Q3 profit climb

Action Construction Equipment

07/02/2024 06:57

** Shares of Action Construction Equipment  ACEL.NS  up 14%,
trading at record high levels of 1,128.30 rupees
    ** Stock surged 18% earlier in the session, and is currently
on track for best day in more than 2 years at current levels
    ** Crane manufacturer's Q3 profit rose ~90% YoY
    ** Stock had hit record high in Nov after Q2 profit jump,
hit multiple record highs since then
    ** Stock logs most active session since late-July 2023 with
volume of 1.95 mln

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))