IIFL likes Timken India Ltd and Ingersoll-Rand India Ltd among industrial equipment makers. It prefers Action Construction Equipment Ltd, Shriram Pistons & Rings Ltd and Sharda Motor Industries Ltd among auto component makers.

31 promising midcap, smallcap stock ideas from manufacturing sector

Expecting Biggest Order From Defence In Q2 Or Q3 Of This Fiscal: Action Construction Equipment

Action Construction Equipment Ltd on Wednesday reported a 24 per cent rise in consolidated profit after tax (PAT) at Rs 84.57 crore in the April-June quarter of this financial year, mainly on account of higher income.

Action Construction Equipment Q1 results: PAT grows 24% to Rs 84.57 cr

Action Construction Equipment consolidated net profit rises 24.62% in the June 2024 quarter

Action Construction Equipment said that the company is currently in discussions with Japan-based KATO WORKS CO. for establishing a joint venture in India.

ACE in talks with Japanese crane maker KATO for India-based JV

To manufacture medium and large sized cranes in India

Action Construction Equipment in talks for a JV with Kato Works Co., Japan

Atul Auto is trading at an all-time high, which demonstrates the strong upward momentum of the stock. After testing the neckline of a Rounding Bottom pattern, the stock experienced an upward bounce. The breakout occurred on October 10, 2022.

Hot Stocks | Atul Auto, Action Construction Equipment, KPIT Technologies can give at least 15% return in short term, here’s why

Action Construction Equipment consolidated net profit rises 69.92% in the December 2022 quarter

Action Construction Equipment (ACE) advanced 1.92% to Rs 316 after the company said that it has received an order for the supply of cranes from DRDO, Ministry of Defence (MoD).

ACE rises on bagging crane supply order from Defence Ministry

Action Construction Equipment has been moving in a particular range for more than a week now, especially after rising more than 20 percent from the low of December 26, 2022.

Action Construction Equipment gains 2% after defence ministry orders special mobile cranes

ICICI Direct is bullish on Action Construction Equipment recommended buy rating on the stock with a target price of Rs 385 in its research report dated November 11, 2022.

Buy Action Construction Equipment; target of Rs 385: ICICI Direct

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Action Construction Equipment Ltd. is a material handling and construction equipment manufacturing company that operates through segments, including cranes, material handling/construction equipment, and agri equipment.