Action Construction Equipment : Transcript Concall 22.05.2024
Action Construction Equipment Limited Q4 FY'24 Earnings Conference Call May 22, 2024 MANAGEMENT: MR. SORAB AGARWAL -...
Stay updated with breaking news from Action Construction. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Action Construction Equipment Limited Q4 FY'24 Earnings Conference Call May 22, 2024 MANAGEMENT: MR. SORAB AGARWAL -...
With massive investments pouring into infra projects, ancillary sectors such as crane are also experiencing a surge in demand.
The BSE midcap index rose 1.6 percent and the smallcap gained nearly 3 percent
Dipan Mehta of Elixir Equities advises remaining invested in quality stocks even if they are overvalued. He highlights the BAT stake sale in ITC and the slow growth in its tobacco and FMCG businesses. He also discusses the preference for large private sector banks and positive outlook on the IT sector.
Action Construction Equipment witnessed robust revenue and volume expansion in every segment. In the recently concluded quarter, the company saw a 30% YoY growth in the cranes segment, nearly 100% YoY growth in the construction equipment segment, a 26% YoY growth in the material handling equipment segment, and a 33% growth in the agri equipment segment.