Action Construction is a leading material handling and construction equipment manufacturer with a 65 % market share in the cranes segment. Increased infra spends and construction activity determines demand for company’s product. Present orderbook position is strong due to surge in infrastructure spending and higher construction activity driven by improved trends in the real estate market. Also government policy of Atmanirbhar benefits domestic manufacturers like the company at the expense of imports. We have an over weight view due fair valuations and strong near term performance. Rising steel prices is a concern area but management has taken pricing action
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