We have really received no confirmation or letter or anything officially that our stock has been added in Bombay Stock Exchange’s (BSE) Additional Surveillance Measures (ASM) list, said Sorab Agarwal, Executive Director, Action Construction Equipment.

Speaking to CNBC-TV18, Agarwal said there is a news and a random letter, which was sent to us from one of those WhatsApp group telling that we have been put into ASM list.

He said company's order book inflow is good and delivery execution is also improving.

Talking about promoter stake, he said, "A couple of days back, we realised that our stock was available at good valuation and that is when we got induce to buy a little."

We are buyers, if we get at good valuation for our stock. So that was the motive behind it and as and when we get more opportunity we will do that, he added.

First Published:Jun 7, 2018 4:01 PM IST