Tuesday, 7 February 2017


ACE sizzled in Tuesday’s trading session as the company posted impressive Q3 results. The stock has outperformed the BSE Small-cap index and the Nifty Infrastructure index over a period of one year.

The company posted a net profit at Rs 4.8 cr vs 1.7 cr (YoY). The total income is up by 19.5% at Rs 198 crore vs Rs 165 crore (YoY).

EBITDA stands at 11.2 cr vs 5.3 cr (YoY) and EBITDA margin stands at 5.7% vs 3.2% (YoY).
ACE deals with material handling and construction equipment manufacturing with a major presence in mobile cranes and tower cranes segment.

ACE also offers mobile/fixed tower cranes, crawler cranes, truck mounted cranes, lorry loaders, backhoe loaders, forklifts, tractors & harvesters and other construction equipment.

Action Construction Equipments Ltd ended at Rs 53.75, up by Rs 1.2 or 2.28% from its previous closing of Rs 52.55 on the BSE.

The scrip opened at Rs 52.75 and touched a high and low of Rs 56.2 and Rs 51 respectively. A total of 1984928(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 616.53 crore.

The BSE group 'B' stock of face value Rs 2 touched a 52 week high of Rs 59.7 on 02-Nov-2016 and a 52 week low of Rs 32.3 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 54.4 and Rs 46.4 respectively. The promoters holding in the company stood at 73.1 % while Institutions and Non-Institutions held 4.18 % and 22.73 % respectively. The stock traded above its 50 DMA.

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