ACEing the Market: Finding Opportunities Amid Challenges

From Election Slowdowns to Growth Drivers: A Deep Dive into ACE’s Fundamentals, Technicals, and Future Potential

One of the companies I have been tracking in this market fall is Action Construction Equipment or ACE. This stock has seen a healthy correction of late. Between April 2024 to today i.e. Nov. 2024, the scrip is down by about 25% (which is desirable range in a fundamentally strong company). While there are justifiable reasons for this, I do believe this correction will be short-lived.

Let’s discuss why this correction may be short-lived, and also whether the stock is now trading at a reasonable valuation.

First off, let’s begin with ACE’s chart analysis: