Ashapura Minechem Ltd

Stage 4 · Declining · week 7

As of 16 Oct 2026, Ashapura Minechem is in Stage 4 — declining, a downtrend, in week 7 (since 28 Aug 2026). It closed at ₹464, 48.5% below its 52-week high and below its 200-day average, which is falling. In Materials, 33.6% of stocks are in Stage 2.

Ashapura Minechem Limited is involved in the mining, manufacturing, and trading of various minerals and its derivative products in India and internationally. More about the company

₹464.4
-0.13% today
₹4,436 Cr · Small cap
Market Neutral — FadingMaterials 33.6% in Stage 2-2.9 pts / 20dMetals - Diversified 37.5%+18.8 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

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Momentum

Steady

Edge

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Is ASHAPURMIN early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-48.5%
₹459.5 lo₹902.5 hi
48.5% below 52W high — deep Stage 4 damage
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 7
1w13w26w
Week 7 — early Stage 4 decline
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-26.1%
200 DMA: ₹628.2 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
0.45x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -5.5% vs MA50 -12.5%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-9.9%
3M
-32.7%
6M
-24.5%
YTD
-45.8%
1Y
-28.4%
Sector
Materials
↓ Peaking
Stage 2%
33.6%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
Sector has 151 Stage 2 leaders. See Materials Stage 2 →
Industry
Metals - Diversified
↑ Building
Stage 2%
37.5%
20d Δ
+18.8pp
1M return
-2.6%
3M return
-6.1%
Industry Stage-2 % · last 20 days
Industry has 6 Stage 2 leaders. See Metals - Diversified Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 30w
S4 15w
S2 37w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S3 2w → S2 30w → S3 13w → S4 2w → S1 3w → S2 7w → S3 1w → S4 15w → S1 4w → S2 8w → S3 8w → S4 4w → S3 1w → S2 37w → S3 5w → S4 7w → S1 6w → S2 8w → S3 1w → S4 7w current
Total tracked: 169 weeks across 20 stage runs.
Scan Membership
Prop Scan
Latest: 2026-08-07
Breakout Watch
Latest: 2026-06-22
12 appearances in last 60 days. First seen: 2024-07-03.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S4
Wk 7 · Vol 0.45x
2026-10-15S4
Wk 7 · Vol 0.60x
2026-10-14S4
Wk 7 · Vol 0.82x
2026-10-13S4
Wk 7 · Vol 0.84x
2026-10-12S4
Wk 6 · Vol 0.30x
2026-10-09S4
Wk 6 · Vol 0.36x
2026-10-08S4
Wk 6 · Vol 0.80x
2026-10-07S4
Wk 6 · Vol 1.60x
2026-10-06S4
Wk 6 · Vol 0.50x
2026-10-05S4
Wk 5 · Vol 0.48x
2026-10-01S4
Wk 5 · Vol 0.53x
2026-09-30S4
Wk 5 · Vol 0.56x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹550.2
200 DMA
₹628.2
52W High
₹902.5
52W Low
₹459.5
5D Low
₹464.4
Resistance levels (recent highs)
20d High
₹537.4
60d High
₹739.7
120d High
₹740.6
250d High
₹902.5
Next resistance
+15.7%
to 20d High
Ask the Market AI about ASHAPURMINAsk →
P/E (TTM)
16.6
Forward —
Earnings Growth (YoY)
-20.9%
Revenue +11.0%
Dividend Yield
0.15%
P/B 4.4
About this companyMaterials· Metals - Diversified

Ashapura Minechem Limited is involved in the mining, manufacturing, and trading of various minerals and its derivative products in India and internationally. The company provides bauxite, bentonite, kaolin, silica sand, limestone, and gypsum for aluminium, foundry, cosmetics, metal ore, pelletization, construction, and paper applications. It also offers fused alumina, high alumina cement, castables, calcined bauxite, chamotte, mullite, and monoliths for abrasives, refractories, foundries, grinding, and road surfacing. In addition, the company offers ceramic and silica proppants, bentonite, barytes, and attapulgite for use in oil well drilling and hydraulic fracturing; acid activated bleaching clay, activated bauxite, clay catalysts, cat litter, and siliceous earth for bleaching edible oil, petroleum refining, water purification, pet care, and bleaching waste oils; ground calcium carbonate, calcined kaolin, white barytes, and talc for ceramics, glass, paper, paints, plastics, and building products sectors; and atta medigel, ashagel, and organoclay for use in sealants, plasters, polymers, aviation fuel enhancers, and pharmaceutical applications. Further, it offers ball clay, wall care, water proofing, adhesives, and admixture. The company was founded in 1960 and is based in Mumbai, India.

Visit company website →

All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.