This small-cap stock receives an order from DRDO!

The company's shares returned 49.23 per cent over the last 6 months and 41.28 per cent over a year.

Action Construction Equipments Ltd (ACE Ltd) informed the exchange that it has received an order for the supply of the cranes from the Ministry of Defence (MoD), DRDO. The order includes a pilot order for ACE to manufacture and supply cranes that have been integrated into HMV 8X8 chassis. The cranes are hydraulically powered, have telescopic boom sections and are outfitted with advanced safety features.  

Today, shares of ACE Ltd soared 3.19 per cent to Rs 325.85 per share from its previous close of Rs 315.80. The 52-week high for the stock is Rs 354.35 and the 52-week low is Rs 175.  

Action Construction Equipment Ltd is a Small-Cap company with a market cap of Rs 3483.18 crore. The company is engaged in the business of manufacturing and marketing hydraulic mobile cranes, mobile tower cranes, material handling equipment like forklifts and road construction equipment.  

Taking into consideration the financial performance of the company on a consolidated quarterly basis, net profit came in at Rs 33.86 crore as compared to a net profit of Rs 22.91 crore in Q2FY21, surging by 47.8 per cent. On an annual basis, net profit soared by 31.59 per cent from Rs 79.79 crore in FY21 to Rs 105 crore in FY22.  

The company's shares returned 49.23 per cent over the last 6 months and 41.28 per cent over a year. Investors should keep an eye on this small-cap stock.