This stock is back into the reckoning after bagging order worth Rs 23.3 crore

The company achieved its highest ever Q2 revenues, EBITDA and PAT margins.

Action Construction Equipment (ACE) is an established and reputed brand with a significant presence across diversified sectors like Construction, Infrastructure, Manufacturing, Logistics and Agriculture. 

The company is the world’s largest Pick & Carry cranes manufacturer with over 63 per cent market share in the Mobile crane's segment and more than 60 per cent market share in the Tower Cranes segment domestically. 

Additionally, ACE also offers Crawler Cranes, Truck Mounted Cranes, Lorry Loaders, Backhoe Loaders/Loaders, Vibratory Rollers, Motor Graders, Forklifts, Tractors and Harvesters and other Construction Equipment. 

The company has one of the widest sales networks, with over 100+ locations supported by 13 regional offices in India and also exports to over 25 countries across the Middle East, Africa, Asia and Latin America. 

Interestingly, the stock is up by nearly 92 per cent on a YTD basis and on an MTD basis it has gained over 10 per cent. The stock is once again in the reckoning as the company has received an order supply of 55 trucks to Mounted multifunction machines to Dakshin Haryana Bijli Vitran Nigam (DHBVN) for a total consideration of around Rs 23.30 crore. Furthermore, the company achieved its highest ever Q2 revenues, EBITDA and PAT margins.