Action Construction Equipment

Increasing public & private infrastructure, FDI reforms for the construction sector, highway projects and a growing economy has led to the global surge in the construction equipment market in India.

The technical analyst from HDFC Securities recommends buying Action Construction Equipment and Bandhan Bank.

The stock hit a new high of Rs 156, up 10% on the BSE, extending its 60% surge in past two weeks.

The stock surged 18% to Rs 131, extending 6% gain in past two trading sessions, after promoters of the company increased their holdings through open market.