Action Construction Equipment (ACE) is one of the leading material handling & construction equipment manufacturing companies in India. Its money spinner is its crane division which boasts a market share of ~ 60% in both mobile cranes & tower cranes segments. It also possesses manufacturing capabilities to make crawler cranes, truck mounted cranes, lorry loaders, backhoe loaders, vibratory rollers, forklifts & other construction equipment. It is an emerging agriculture equipment manufacturer as well where it produces & sells tractors, harvest combines, rice planters, balers & rotavators. Its production facilities are located in the industrial township of Faridabad. LKP Securities initiate coverage on ACE with a BUY rating and a 18 month price objective of ? 75.Trendlyne has 1 report on ACE updated in the last year from 1 broker with an average target of Rs 75.