Stock Report

Action Construction Equipment enters into MOU with URSUS S.A.



Posted On : 2018-04-08 23:04:34( TIMEZONE : IST )

Action Construction Equipment enters into MOU with URSUS S.A.

URSUS S.A., one of the pioneers and leading company in Tractors, Agricultural Machinery and Electric Buses, incorporated in the Republic of Poland - Europe, having its registered office in Lublin, Poland, has entered into a MOU with Action Construction Equipment Limited (ACE) for localization of their range of Tractors based on Massey Ferguson - URSUS Technology with the purpose of sourcing Tractors and sub-assemblies from ACE and export to other parts of the world. ACE-URSUS brand Tractors based on their technology will also be promoted and sold by ACE in the local market and the Indian sub-continent.

Shares of ACTION CONSTRUCTION EQUIPMENT LTD. was last trading in BSE at Rs.179.8 as compared to the previous close of Rs. 176.6. The total number of shares traded during the day was 118481 in over 1399 trades.

The stock hit an intraday high of Rs. 183.15 and intraday low of 174.15. The net turnover during the day was Rs. 21306971.

Source : Equity Bulls

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