Action Construction Equipment Ltd up by 9.83&: Traders Corners | Espresso

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Espresso Shot of the Day - Action Construction Equipment Ltd up by 9.83 percent

November 04, 2022
Espresso Shot of the Day - Action Construction Equipment Ltd up by 9.83 percent

ACTION CONSTRUCTION EQUIPOMENT LTD 327.85 (+9.83%) BSE –INE731H01025 | 4th November 2022

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ACE Ltd is India’s leading material handling and construction equipment manufacturing company offering cutting-edge technology products with a majority market share in Mobile Cranes and Tower Cranes segment in addition to Mobile Cranes. The company's impressive portfolio includes 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. Established in 1995 in Faridabad, Haryana, by seasoned professionals with rich domain expertise in construction equipment, the company today boasts state-of-the-art production facilities. The plants are fully equipped with the latest technology and have a production capacity of 12000 construction equipment and 9000 tractors annually.


Recent Drivers

  • On September 21,2022, ACE Ltd announced a final dividend of Rs. 0.60 i.e. (30%) per equity share for the Financial Year ended March 31, 2022.
  • Stocks of ACE LTD soared 39 percent in September 2022 on the back of some increased demand in construction equipment segment and exports. In FY21-22, ACE outperformed across all financial parameters by achieving its highest ever revenue and profit.
  • ACE said the stable free cash flow gives opportunities to empower contiguous product segments. With extra cash in the bank, the Company said it can empower new technologies as well as in new product segments.
  • On August 10,2022, ACE Ltd reported a net profit of Rs. 43.49 crores in June 2022, up 125.23% from the Rs.19.31 crores reported in June 2021
  • On August 10,2022, ACE Ltd reported a net sale of Rs. 497.68 crore in June 2022 up 54.8% from Rs. 321.50 crore in June 2021.
        (Sources: BSE, Money control, Business Standard)


Technical Force*

  • S&P BSE Smallcap month till date gain by 1.01%.
  • 3 months avg. NSE volume: 773,466
  • Quantity traded: 2,53,661| Deliverable quantity: 46,065 (18.16%).
  • Stock price jumped by more than 80 % from a one-year low level: 175.00 (May 12, 2022)
  • Daily RSI (14) is in oversold territory today.
  • 52-week-high: 330.00| 52-week-low: 175.00.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

467.18

379.37

300.93

213.12

134.68

46.87

-

-

Fibonacci Pivot

379.37

315.86

276.62

251.35

213.12

174.88

149.61

110.37

46.87


Today’s Close

327.85

SMA

BSE

10 DAY

298.88

20 DAY

292.80

50 DAY

287.36

200 DAY

235.95


Some Key Ratios (Source: BSE)

Market Cap:  3,904.14 Crores

PE:  33.82

OPM%: 9.27

ROE%:  15.29

Promoters holding%: 66.76

Prev. Close:  298.50


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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.