Since January this year, about three dozen companies have allotted convertible warrants to their promoters. The list mostly includes small- and medium-sized companies across sectors. Ashapura Minechem, Flexituff Ventures, BCL Industries, Hariom Pipe Industries and Magnum Ventures are a few notable e…

Corporates rush with warrant offers as valuations take beating

Karma Energy Ltd, TruCap Finance Ltd, Starlit Power Systems Ltd and Ashapura Minechem Ltd are among the other gainers in the BSE’s ‘B’ group today, 21 February 2023.

Ucal Fuel Systems Ltd leads gainers in ‘B’ group

Ashapura Minechem reports consolidated net profit of Rs 32.76 crore in the December 2022 quarter

Board of Ashapura Minechem approves issue of convertible warrants to promoters

Vineet Laboratories Ltd, Pritish Nandy Communications Ltd, Ashapura Minechem Ltd and Gandhi Special Tubes Ltd are among the other gainers in the BSE’s ‘B’ group today, 04 April 2022.

Genus Paper & Boards Ltd leads gainers in ‘B’ group

NRB Industrial Bearings Ltd, Menon Bearings Ltd, Meera Industries Ltd and Aarti Surfactants Ltd are among the other gainers in the BSE’s ‘B’ group today, 23 March 2022.

Ashapura Minechem Ltd leads gainers in ‘B’ group

Ashapura Minechem reports consolidated net loss of Rs 20.11 crore in the December 2021 quarter

Intrasoft Technologies Ltd, Ashapura Minechem Ltd, Rajdarshan Industries Ltd and Dynamic Cables Ltd are among the other losers in the BSE’s ‘B’ group today, 14 September 2021.

Gala Global Products Ltd leads losers in ‘B’ group

The company has been mining and exporting ores from its local subsidiaries in Guinea since April 2020.

Ashapura Minechem stock trades flat after update on Guinea operations

Ashapura Minechem consolidated net profit rises 65.92% in the June 2021 quarter

Post this acquisition the percentage shareholding of the company shall increase to 50%, thereby making it an Associate Company.

Ashapura Minechem board approves acquisition of over 6.6 lakh equity shares in Shantilal Multiport Infrastructure

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ashapura Minechem Limited is a mine owner and exporter of bentonite. The primary products of the Company include bentonite, bauxite, kaolin, other minerals, value added products and iron ore.

Ashapura Minechem Ltd