Action Construction Equipment (ACE) Stock Analysis
India is undertaking on significant industrial and infrastructure projects worth over $1.3 trillion.
About 13% of the 81.72 billion dollars in overall FDI inflows in the fiscal year (FY) 2021 were invested to infrastructure-related activities. In the coming years , it is expected that India’s infrastructure would rise at a compound annual growth rate (CAGR) of around 7%. In terms of the number of kilometers of highways that would be constructed, there would be 2,500 km of access control highways, 9,000 km of economic corridors, 2,000 km of coastline and land port roads, and 2,000 km of strategic highways.
Infrastructure activities cannot be completed without heavy machines like cranes, rollers, Hydraulic machines etc. Well everyone in India must have seen the below machine in construction sites but very few know about the company which manufactures it , ACE ( Action Construction Equipment).
We have analyzed this company with basic fundamentals and detailed on its equity chart analysis.
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