Intraday Trading Highlights
The stock opened with a significant gap up of 3.09%, signalling strong buying interest from the outset. Throughout the trading session, Ashapura Minechem Ltd maintained upward momentum, ultimately touching a peak price of Rs 658.3, representing an 8.12% rise intraday. By the close, the stock recorded a day change of 7.37%, substantially outperforming the Sensex, which gained 0.42% on the day.
This surge marked a reversal after two consecutive days of decline, indicating renewed strength in the stock’s price action. The performance today also outpaced the Minerals & Mining sector by 6.53%, underscoring Ashapura Minechem Ltd’s relative resilience amid broader market movements.
Technical Positioning and Moving Averages
From a technical standpoint, the stock is trading above its 200-day moving average, a long-term indicator often associated with underlying strength. However, it remains below its shorter-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages. This positioning suggests that while the stock has demonstrated a positive long-term trend, it is currently navigating resistance levels in the short to medium term.
The intraday high of Rs 658.3 represents a key level to monitor, as surpassing this could signal further momentum. The gap-up opening and sustained gains throughout the session reflect active trading interest and a shift in market sentiment compared to the prior two sessions.
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Market Context and Comparative Performance
On the broader market front, the Sensex opened higher at 84,177.51, gaining 597.11 points (0.71%) before settling at 83,933.68, up 0.42%. The index is currently 2.65% below its 52-week high of 86,159.02 and has recorded a three-week consecutive rise, accumulating a 2.94% gain over this period. Mega-cap stocks have been leading the market rally, contributing to the Sensex’s positive trajectory.
In contrast, Ashapura Minechem Ltd’s one-day performance of 6.36% significantly outpaced the Sensex’s 0.43% gain, highlighting its strong relative strength. However, the stock’s one-week performance stands at -1.26%, trailing the Sensex’s 2.78% rise, while its one-month performance shows a decline of 25.33% against the Sensex’s modest 0.43% gain. Over longer periods, the stock has delivered substantial returns, with a one-year gain of 30.62% compared to the Sensex’s 7.81%, and an impressive three-year return of 529.04% versus the Sensex’s 38.04%.
Mojo Score and Rating Update
Ashapura Minechem Ltd currently holds a Mojo Score of 64.0, categorised under a Hold grade. This represents a downgrade from its previous Buy rating, which was revised on 11 Nov 2025. The stock’s Market Cap Grade is 3, reflecting its mid-cap status within the Minerals & Mining sector. The Mojo grading system provides a comprehensive assessment of the stock’s quality, price momentum, and valuation metrics, offering a nuanced view of its market standing.
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Trading Volume and Session Dynamics
Trading volumes for Ashapura Minechem Ltd showed a marked increase in line with the price surge, indicating heightened market activity. The stock’s recovery after two days of decline was supported by this volume uptick, suggesting that the price movement was backed by genuine demand rather than sporadic trades.
The gap-up opening at 3.09% set a positive tone for the session, with the stock maintaining gains throughout the day. The intraday high of Rs 658.3 was reached amid sustained buying interest, before the stock settled with a strong gain of 7.37%. This intraday performance reflects a decisive shift in trading sentiment compared to the previous sessions.
Sector and Industry Positioning
Ashapura Minechem Ltd operates within the Minerals & Mining sector, an industry that has experienced mixed performance in recent months. Despite sector-wide pressures, the stock’s ability to outperform its peers and the broader market on this trading day highlights its relative strength. The 6.53% outperformance against the sector today underscores its capacity to attract focused trading activity.
While the stock remains below its shorter-term moving averages, its position above the 200-day moving average suggests a solid long-term foundation. This technical backdrop, combined with the intraday price action, provides a comprehensive picture of the stock’s current market dynamics.
Summary of Key Metrics
To summarise, Ashapura Minechem Ltd’s key intraday metrics on 9 Feb 2026 include:
- Opening price gap up: +3.09%
- Intraday high: Rs 658.3 (+8.12%)
- Closing day change: +7.37%
- Outperformance vs Sensex: +6.94%
- Outperformance vs Minerals & Mining sector: +6.53%
- Mojo Score: 64.0 (Hold grade, downgraded from Buy on 11 Nov 2025)
- Market Cap Grade: 3 (Mid Cap)
These figures illustrate a strong intraday rally supported by favourable market conditions and technical factors.
Conclusion
Ashapura Minechem Ltd’s performance on 9 Feb 2026 stands out as a notable example of intraday strength within the Minerals & Mining sector. The stock’s ability to reverse recent declines and surge past key resistance levels, coupled with its outperformance relative to the Sensex and sector indices, highlights its active trading profile. The technical positioning above the 200-day moving average provides a long-term positive context, even as the stock navigates shorter-term moving average resistance.
Overall, the trading session reflected a decisive shift in momentum for Ashapura Minechem Ltd, with the stock’s intraday high of Rs 658.3 marking a key milestone in its price trajectory.
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