Intraday Price Movement and Volatility
On the trading day, Ashapura Minechem Ltd recorded a significant price appreciation of 7.61%, closing near its peak levels. The stock's intraday volatility was notably high at 6.53%, calculated from the weighted average price, indicating active trading and price fluctuations throughout the session. This volatility was considerably above typical levels for the stock, underscoring the intensity of market interest during the day.
The stock touched its highest price point at Rs 725.55, reflecting a strong upward momentum. This performance was achieved despite the broader market's modest gains, with the Sensex rising only 0.07% to 83,798.67 after recovering from an initial negative opening of 487.07 points. The Sensex remains 2.82% below its 52-week high of 86,159.02, trading below its 50-day moving average, though the 50DMA itself is positioned above the 200DMA, signalling a mixed technical backdrop.
Comparison with Sector and Market Benchmarks
Ashapura Minechem Ltd outperformed the Minerals & Mining sector, which gained 2.32% on the day. The stock's 7.61% rise exceeded the sector's advance by 5.18 percentage points, highlighting its relative strength. Over the last two consecutive trading days, the stock has delivered a cumulative return of 10.09%, reinforcing a short-term positive trend.
In contrast, the Sensex's marginal gain of 0.07% on the day was led by mega-cap stocks, while Ashapura Minechem Ltd, classified as a mid-cap entity with a Market Cap Grade of 3, showed notable outperformance. The stock’s Mojo Score currently stands at 61.0 with a Mojo Grade of Hold, reflecting a recent downgrade from Buy on 11 Nov 2025, indicating a cautious stance despite the recent price strength.
Handpicked from 50, scrutinized by experts – Our recent selection, this Mid Cap from Bank - Public, is already delivering results. Don't miss next month's pick!
- - Expert-scrutinized selection
- - Already delivering results
- - Monthly focused approach
Technical Indicators and Moving Averages
The stock's price currently trades above its 5-day, 100-day, and 200-day moving averages, signalling short- and long-term support levels. However, it remains below the 20-day and 50-day moving averages, suggesting some resistance in the medium term. This mixed technical picture may reflect recent volatility and the stock’s ongoing price consolidation within a broader upward trend.
Such positioning indicates that while the stock has gained momentum in the short term, it has yet to decisively break through intermediate resistance levels represented by the 20-day and 50-day averages. Investors and traders may interpret this as a phase of price discovery amid heightened market activity.
Performance Across Time Horizons
Examining Ashapura Minechem Ltd’s performance over various time frames reveals a strong long-term growth trajectory. The stock has delivered a remarkable 954.39% return over the past 10 years, vastly outperforming the Sensex’s 244.29% gain during the same period. Over five years, the stock returned 523.23%, compared to the Sensex’s 65.55%, and over three years, it surged 605.48% against the Sensex’s 37.72%.
More recently, the stock’s year-to-date performance stands at -17.31%, underperforming the Sensex’s -1.67%. The one-month return is also negative at -19.39%, while the three-month return is positive at 9.22%, outperforming the Sensex’s 0.40% gain. The one-week and one-day returns remain strong at 11.49% and 7.76%, respectively, compared to the Sensex’s 1.76% and 0.07%.
Ashapura Minechem Ltd or something better? Our SwitchER feature analyzes this small-cap Minerals & Mining stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Market Context and Sector Activity
The Minerals & Mining sector, to which Ashapura Minechem Ltd belongs, experienced a 2.32% gain on the day, supported by broader market recovery. The Sensex’s sharp rebound from a negative start to close slightly positive reflects a market environment of cautious optimism. Mega-cap stocks led the market advance, while mid-cap stocks like Ashapura Minechem Ltd showed notable relative strength.
This sectoral outperformance and the stock’s strong intraday gains suggest that trading activity was concentrated in select names within the mining space, with Ashapura Minechem Ltd emerging as a key beneficiary of this trend on 4 Feb 2026.
Summary of Key Metrics
To summarise, Ashapura Minechem Ltd’s key intraday metrics on 4 Feb 2026 include:
- Intraday high price: Rs 725.55 (7.54% increase)
- Day change: +7.61%
- Intraday volatility: 6.53%
- Outperformance vs sector: +5.18%
- Consecutive gains over 2 days: +10.09%
- Trading above 5-day, 100-day, 200-day moving averages; below 20-day and 50-day averages
- Mojo Score: 61.0 (Hold), downgraded from Buy on 11 Nov 2025
These figures highlight a day of strong price action and active trading for Ashapura Minechem Ltd, set against a backdrop of mixed technical signals and a recovering broader market.
Conclusion
Ashapura Minechem Ltd’s performance on 4 Feb 2026 stands out for its strong intraday surge and relative strength within the Minerals & Mining sector. The stock’s ability to hit a new intraday high amid a volatile session and outperform both its sector and the Sensex underscores its current market momentum. While technical indicators present a nuanced picture, the stock’s recent consecutive gains and elevated volatility reflect heightened market engagement and price movement on the day.
Unlock special upgrade rates for a limited period. Start Saving Now →
