Action Construction Equipment - Permanent Upcycle In Play: ICICI Direct
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ICICI Direct Report
Action Construction Equipment Ltd. 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 sectors.
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 and 25-30% growth in crane, agri equipment and material handling segments.
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