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Action Construction is a leading material handling and construction equipment manufacturer with a 65 % market share in the cranes segment. Increased infra spend determines demand for company’s product. Present orderbook position is strong due to surge in infrastructure spending and higher construction activity. Also government policy of Atmanirbhar benefits domestic manufacturers like the company at the expense of imports. We have a neutral weight view due fair valuations although we expect strong near term performance due to order booking. Rising steel prices is a concern area – 27-08-2021 Price: 218.10 Rating: Neutral Weight Recommendation: Hold

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