- Why it’s recommended: Action Construction Equipment Ltd. (ACE) is India’s leading material handling and construction equipment manufacturing company. In 2026 the stock has recovered well from the lower levels , however the last few weeks have been spent in consolidation and the recent revival indicates some fresh momentum. Strong domestic demand and higher gas prices have shifted focus on organised players. As the prices have given a strong closing with a long body candle, we can now look for some positive vibes to extend.
- Key metrics:
- P/E: 30.07,
- 52-week high: ₹1196,
- Volume: 425.40K.
- Technical analysis: Support at ₹1080, resistance at ₹1350.
- Risk factors: Raw material and natural gas price volatility, real estate sector cyclicality, and intense market competition.
- Buy : above ₹1155
- Stop loss: ₹1105
- Target price: ₹1265 (2 Months)
Stock market recap
Selling was broad-based, with Afcons Infrastructure plunging 14% intraday, while Pine Labs, Tata Chemicals, Firstsource Solutions, Welspun Corp, Data Patterns (India), and Narayana Hrudayalaya dropped between 4–6%. Several counters, including Whirlpool of India, Ircon International, Brainbees Solutions, and Afcons Infrastructure, touched fresh 52-week lows.
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