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Ace the ACE..! (Diwali Muhurat Pick - 2021)

Updated: Aug 27



Action in Action Construction Equipment :


Buy Range: 220 - 250

Stop loss: 189

Target: 650 - 690

Time Estimated: 2 years

Risk/Reward: 1: 6

Technical analysis: Positive on Monthly chart


Company Profile:


ACE - ACTION CONSTRUCTION EQUIPMENT LIMITED Is India’s leading material handling and construction equipment manufacturing company with a majority market share in Mobile Cranes and Tower Cranes segment. In addition to Mobile Cranes, ACE also offers Mobile/Fixed Tower Cranes, Crawler Cranes, Truck Mounted Cranes, Lorry Loaders, Backhoe Loaders/Loaders, Vibratory Rollers, Forklifts, Tractors & Harvesters and other Construction Equipment. ACE has a consolidated presence in all major Infrastructure, Construction, Heavy Engineering, and Industrial Projects across the country.


Fundamental Analysis:



Revenues have been on the rise and net profit margin (%) is also on the rise for the last 5 years which reflects efficient use of resources and the company is able to convert more sales into profit. Let us look at the debt position in order to evaluate its solvency position.


The EPS has increased steadily with an increase in profits indicating good investments returns. But currently, this stock has been on FIIs radar as they have got a healthy order pipeline.


In recent quarters FIIs and DIIs have increased their holdings in ACE as shown above.

If we look at financials and order books for the company it gives a promising outlook for the upcoming decade. The factors that contribute towards a favorable and positive outlook are construction projects that got halted during the pandemic but in comparison to other firms, ACE did well instead of all the problems. With robust growth and construction activity being pilled up for this decade, this stock will perform in the coming years.


Happy Investing!! :)


*Disclaimer- The above-mentioned article is just for educational and research purposes. I am neither a SEBI registered advisor or broker nor have any financial relations with Action Construction Equipment Limited. This is not a financial or equity recommendation.







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