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Entry Price

170.00

Target

215.00

Recommend Date

15-03-2021

Return

26.47 %
BUY

Date : 15-03-2021

Action Construction (ACE) hosted an analyst meet (virtual) wherein the management brought us up to speed on the recent business updates and also provided us an outlook on the sector. The infrastructure industry is witnessing robust traction with upcoming capex in metro, rail, manufacturing, road and real estate sector. Hence, demand for cranes and construction equipment is expected to see a significant improvement. The management remained assertive on the fact that ACE would become a counter cyclical company powered by 50-60% growth in CE & 25-30% growth in crane, agri equipment & material handling segments.