Action Construction Equipment (ACE) has reported its Q2FY18 results. The company managed a robust topline growth of 40% YoY. Positive operating leverage at play resulted in a higher than anticipated growth of bottomline at 144%. Segmental profits were led by the cranes segment and boosted by a turnaround in the agri equipment segment. Focussed on catering to anticipated demand Considering the recent robust operational performance delivered by the company, we revise our estimates higher for ACE across all segments....