GENERAL22 Sept 2026
Action Construction share price jumps 50% in 6 months - ICICI Direct sees it rising further | 12-month target price | Stock Market News
Action Construction shares have climbed about 50% in six months and 32% this year, touching a 52-week high of ₹1,267.05 on 21 September. If you hold the stock, ICICI Direct still rates it a buy, with a 12-month target of ₹1,510. That is roughly 23% above its 21 September close. The brokerage expects growth to continue on mobile crane leadership and government infrastructure spending.
Key Statutory Highlights
- Action Construction shares rose 50% in six months and 32% year-to-date, hitting a 52-week high of ₹1,267.05 on 21 September.
- ICICI Direct has a buy call with a 12-month target price of ₹1,510, which is about 23% above the 21 September close of ₹1,230.35.
- ICICI expects revenue and profit after tax to grow at 14.7% and 16.3% CAGR over FY26-FY28E, helped by mobile crane leadership and government infrastructure spending.
Actionable Advice for Taxpayers / Founders:If you are thinking about this stock, treat the brokerage view as just one opinion, and speak to a registered investment adviser before buying or adding to your holding.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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