Hello everyone
I can see the board meeting announcement and nothing else on BSE. If anyone knows what is happening in the company. It is falling continuously.
Oct End VAHAN Regn Numbers for ACE -
- Monthly registrations jump continue above 800. YoY 20% higher numbers, but MoM seems lower, we had the 2 biggest festivals, so not sure if that had a impact.
- Nov/Dec month data will be crucial in determining if there will be growth in the last one year numbers. Otherwise the month did not have any surprises. Waiting for the Q2 results to be declared in coming week on Nov 8th.
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When you get chance, can you post updates on ACE registrations for November & December please?
Nov# 744
Dec (till 27-Dec) # 734
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Excellent numbers by ACE considering the total number of permits declined by more than 50% in Dec (15L) compared to Nov (32L).
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As per the Vahan sales data, it is clearly evident that ACE has outpaced the competition in terms of growth w.r.t last year. ACE have grown by 21% whereas ECL & JCB by 9 & 10% resp.
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Dec End VAHAN Regn Numbers for ACE -
- Volume recovery seen in Dec back to 870, after dipping below 750 in Nov.
- Last 3 Quarter are generally the slow ones, Q4 Jan-Mar is the best one. Lets see what happens in next quarter as things pan out.
- INDO FARM EQUIPMENT LIMITED IPO seems to be having a Price impact on ACE too in last few days. Need to do a more detailed post on the comparison, but seems based on Vahan details it is ~25% of ACE size.
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