Ashapura Minechem's Stock Sees 7.63% Increase, Outperforms Sector and Market

Ashapura Minechem, a smallcap company in the mining and minerals industry, saw a 7.63% increase in its stock price on November 14, 2024. This rise was in line with the overall performance of the sector, as the company outperformed the sector by 8.52%.

The stock has been on a consecutive gain for the last two days, with a total increase of 10.12% during this period. On the day of November 14, the stock reached an intraday high of Rs 259, showing a high level of volatility with an intraday volatility of 5.48%.

Despite the recent gains, the stock's moving averages are still lower than the 20-day, 50-day, 100-day, and 200-day moving averages. However, it is higher than the 5-day moving average, indicating a short-term positive trend.

In comparison to the overall market performance, Ashapura Minechem's stock has outperformed the Sensex by 7.13% in the last 1 day and -18.48% in the last 1 month. This shows a strong performance by the company, despite the negative trend in the market.

MarketsMOJO has given a 'Sell' call for Ashapura Minechem's stock, based on its fact-based analysis. As a smallcap company in the mining and minerals industry, Ashapura Minechem continues to show promising growth and potential in the market.