The announcement was made on Saturday, 4 September 2010.

Meanwhile, the BSE Sensex was up 335.20 points, or 1.84% to 18,556.63

On BSE, 3.42 lakh shares were traded in the counter as against an average daily volume of 1.53 lakh shares in the past one quarter.

The stock hit a 52-week high of Rs 72 in intra-day trade today, 6 September 2010. It hit a low of Rs 69.10 so far during the day. The stock had hit a 52-week low of Rs 26.65 on 27 November 2009.

The small-cap stock outperformed the market over the past one month till 3 September 2010, rising 20.68% as compared to the Sensex's return of 0.59%. It had also outperformed the market in the past one quarter, advancing 45.10% as compared to the Sensex's return of 7.04%.

The company's equity capital is Rs 17.98 crore. Face value per share is Rs 2.

The equity dilution arising from the preferential issue would be 3.33%.

Action Construction Equipment will seek shareholders approval in a general meeting on 30 September 2010 regarding the preferential allotment to Reliance Capital.

The company's net profit jumped 134.10% to Rs 7.96 crore on 60.50% rise in net sales to Rs 129.18 crore in Q1 June 2010 over Q1 June 2009.