
ACEL is the largest Mobile Cranes, Tower Cranes and other construction equipment manufacturer with a major market share in these products. At its current market price of Rs.50, the ACEL share discounts its current EPS by around 17 times against the industry average P/E multiple of 30. Since the infrastructure sector is expected to post better results in Q4FY10 and FY11, stocks of companies like ACEL are expected to do well. The ACEL share may, therefore, be added to one’s portfolio for lifting gains in the medium-to-long-term.
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