Ashapura Minechem Hits Upper Circuit Limit Amid Strong Trading Demand and Performance Milestone

Mar 20 2025 10:00 AM IST
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Ashapura Minechem Ltd has reached its upper circuit limit, achieving an intraday high of Rs 362.4, with a notable five-day gain of 17.32%. Trading volume was approximately 0.13811 lakh shares, indicating strong demand despite a decrease in delivery volume. The stock's price is above its short-term moving averages.
Ashapura Minechem Ltd, a small-cap player in the Mining & Minerals sector, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 362.4, reflecting a notable increase of 5% from its previous close. This surge marks a significant performance milestone, as the stock has gained 17.32% over the past five days, outperforming its sector by 4.79%.

Trading activity today saw a total volume of approximately 0.13811 lakh shares, resulting in a turnover of Rs 0.5005 crore. The stock opened at Rs 362.4 and maintained this price throughout the trading session, indicating strong demand. Despite a decrease in delivery volume, which fell by 50.43% compared to the five-day average, the stock remains liquid enough for trades of Rs 0.14 crore.

In terms of moving averages, Ashapura Minechem's current price is above its 5-day and 20-day averages, although it remains below the 50-day, 100-day, and 200-day averages. Overall, the stock's performance today reflects a robust upward trend, underscoring its current market position in the mining sector.
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