Ashapura Minechem is one of the largest exporters of bauxite and bentonite from India .After a long period ,company posted an encouraging result in December quarter with sales of Rs.140 Cr v/s Rs.123 Cr and a net profit of Rs.13 Cr v/s a loss of Rs.19 Cr. Company is facing some legal issues with Maharashtra Government and some shipping agencies,also the changes in the mining policy of Gujarat government is a point to note. Keep an eye on these developments.
Currently Ashapura Minechem is trading at Rs.32/-
Currently Ashapura Minechem is trading at Rs.32/-
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