- Shares of Ashapura Minechem were locked in the 5% upper circuit at Rs 460.25.
- In the process, the stock, which had not increased in 15 years, reached a record high.
- Over the last month, the stock has surged by 47%, while the S&P BSE Sensex has increased by 6.7%.
Leading provider of multi-mineral solutions Ashapura Minechem has surpassed its 2008 high of Rs 445 to reach a record high of Rs 460.25 on the BSE. The stock has outperformed the S&P BSE Sensex, rising 47% in the last month and 37% in 2023.
Small-cap stock
On Thursday at 09:58 AM on the BSE, shares of Ashapura Minechem were locked in the 5% upper circuit at Rs 460.25. In the process, the stock, which had not increased in 15 years, reached a record high.
The Industrial Minerals Company‘s stock closed above the Rs 445 high it reached in January 2008. Over the last month, the stock has surged by 47%, while the S&P BSE Sensex has increased by 6.7%. Its rise in 2023 has been spectacular, rising 370% so far, compared to the benchmark index’s 13.5% gain.
With a global presence, Ashapura Minechem is a top supplier of multi-mineral solutions. It ranks among the top three worldwide.
