Ashapura Minechem Sees Surge in Trading Activity Amid Strong Market Position

May 23 2025 02:00 PM IST
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Ashapura Minechem Ltd, a small-cap company in the Minerals & Mining sector, saw significant trading activity today, reaching its upper circuit limit. The stock's intraday performance surpassed sector and market averages, with a total traded volume of approximately 5.51 lakh shares and a turnover of Rs 21.76 crore.
Ashapura Minechem Ltd, a small-cap player in the Minerals & Mining sector, has experienced significant trading activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 399.85, reflecting a notable increase of 4.99% or Rs 19.0 from the previous close. This performance outpaced the sector's average return of 0.99% and the Sensex's return of 1.07%.

The total traded volume for Ashapura Minechem today was approximately 5.51 lakh shares, contributing to a turnover of Rs 21.76 crore. The stock's price band is set at 5%, indicating a robust trading environment. Despite a slight decline in delivery volume, which fell by 8.09% against the five-day average, the stock remains liquid enough for trades of Rs 0.08 crore based on 2% of the five-day average traded value.

In terms of moving averages, Ashapura Minechem is performing above its 5-day, 20-day, 50-day, and 200-day averages, although it remains below the 100-day moving average. Overall, the stock's performance today highlights its strong market position within the industry.
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