India's Action Construction rises on order win

Action Construction Equipment

12/01/2023 09:22

** Shares of Action Construction Equipment  ACEL.NS  rise as
much as 2.84% to 318.6 rupees, highest since Jan. 4
    ** The crane manufacturer on Thursday said it received a
pilot order from India's Ministry of Defence for manufacturing
and supplying cranes
    ** ACEL didn't specify the order amount
    ** ACEL above 100-day and 200-day moving avgs since Dec.30,
2022
    ** More than 457,000 shares traded by 02:41 p.m. IST, vs
30-day avg of 542,752
    ** Stock rose 36.7% in 2022, third straight year of gains
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))