Action Construction Equipment to consider preferential issue on Oct 28, 2011

A meeting of the Board of Directors of Action Construction Equipment Ltd will be held on October 28, 2011, to consider and to approve issue Equity Shares on preferential allotment basis and to finalize the terms of the issue.

The Board will also consider proposal to call the Extra Ordinary Genera) Meeting of the Members of the Company.

The stock closed the day at Rs.41.30, up by Rs.0.80 or 1.98%. The stock hit an intraday high of Rs.42.90 and low of Rs.40.40.

The total traded quantity was 8811 compared to 2 week average of 31864.

Source : Equity Bulls

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