Please note that below shared chart analysis is our way of sharing market pulse using four stocks. If you are taking trade on any of the stocks mentioned ensure that you have looked at things from all the angles and only after assessing the risk you are doing something.
Action Construction Equipment Ltd is engaged in the business of manufacturing and marketing of hydraulic mobile cranes, mobile tower cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders and agriculture equipment like tractors, harvesters, rotavators, etc. They are largest in Pick & Carry cranes in India. Company’s clients include L&T, Tata, Ashoka Buildcon, Aditya Birla, ACC, Dabur, Novartis, HP, BHEL, Coal India, RITES, Indian Oil, BEML etc.
They are into contract manufacturing of air conditioning solutions. They serve all top 10 room ac brands in India and clients include MNCs such as Amazon, Samsung, Domestic such as Flipkart, Godrej, Railways and Metros via BEML, CLW, DMRC, Defense such as Bharat Electronics Limited, Telecom (Department of Telecom), and Buses (Original Equipment Manufacturers).
The Company operates in two segments globally – Human Resources Operation (HRO) covering HRMS, payroll services, time and attendance management and statutory compliance support services to its client, and Customer Lifecycle Management (CLM) which encompasses lead generation, customer retention and relationship management comprising both voice and non-voice processes. It is a subsidiary of another listed company called Quess Corp which has Fairfax of Prem Watsa fame as promoter. Watsa is an IITian living in Canada famous as Warren Buffet of Canada.
They serve electrification industry with conductors, specialty oils used in transformers, power and telecom cables etc.
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