Action Construction Equipment(CMP:235)
Action Construction Equipment (ACE) Company was promoted by
Vijay Agarwal and his wife Mona Agarwal. ace are market leaders in Mobile
Cranes & Tower Cranes segment. In addition to Mobile Cranes, ACE also
offers Mobile/Fixed Tower Cranes, Crawler Cranes, Truck Mounted Cranes, Lorry
Loaders, Backhoe Loaders, Vibratory Rollers, Piling Rigs, Forklifts,
Warehousing Equipment, Tractors, Harvesters, and other Agri Machinery.
RECENT PERFORMANCE SUMMARY
Return on Equity has increased versus last 3 years average to 17.10%
Net Profit is growing at healthy rate in last 3 years 15.17%
Sales growth is good in last 4 quarters at 77.96%
Technical Outlook :
The stock trading above all moving average like :
|
Exponential Moving Average (10) |
224.18 |
|
Simple Moving Average (10) |
221.47 |
|
Exponential Moving Average (20) |
221.08 |
|
Simple Moving Average (20) |
218.16 |
|
Exponential Moving Average (30) |
220.48 |
|
Simple Moving Average (30) |
218.56 |
|
Exponential Moving Average (50) |
221.15 |
|
Simple Moving Average (50) |
220.48 |
|
Exponential Moving Average (100) |
223.25 |
|
Simple Moving Average (100) |
223.46 |
|
Exponential Moving Average (200) |
215.19 |
|
Simple Moving Average (200) |
232.53 |
|
Ichimoku Base Line (9, 26, 52, 26) |
221.33 |
|
Volume Weighted Moving Average (20) |
223.35 |
|
Hull Moving Average (9) |
233.38 |
After consolidation in Symmetrical Triangle from 15 June'21, Ace on 31/3/22 successfully attempted to breakout above the downtrend line.
Indicators like RSI, Macd, CCI, and ADX are Bullish zone.
