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ASHAPURMIN · Materials · 2026-08-21

Ashapura Minechem Ltd

Stage 3 · wk 1In scan: Prop Scan · Breakout WatchMARKET: BULL RISING · 2026-08-21
₹590.3
-1.62% today
₹5,638 Cr · Mid cap
About this companyMaterials· Metals - Diversified
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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.

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P/E (TTM)
16.6
Forward —
Earnings Growth (YoY)
-20.9%
Revenue +11.0%
Dividend Yield
0.15%
P/B 4.4
vs 52W High
-34.6%
₹459.5 lo₹902.5 hi
34.6% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 1
1w13w26w
Week 1 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
-11.1%
200 DMA: ₹663.8 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.93x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
MA20 rolling over · -5.6% vs MA50 -0.9%
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.
Sector
Materials
↑ Building
Stage 2%
39.3%
20d Δ
+8.0pp
1M return
+2.7%
3M return
+1.4%
Sector Stage-2 % · last 20 days
Sector has 158 Stage 2 leaders. See Materials Stage 2 →
Industry
Metals - Diversified
↓ Peaking
Stage 2%
21.4%
20d Δ
-7.1pp
1M return
+1.1%
3M return
-14.9%
Industry Stage-2 % · last 20 days
Industry has 3 Stage 2 leaders. See Metals - Diversified Stage 2 →
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-29 → 2026-08-21
S2 30w
S4 15w
S2 37w
2023-05-292026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 6w → S3 3w → 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 current
Total tracked: 168 weeks across 20 stage runs.
1M
-14.1%
3M
-12.6%
6M
+9.9%
YTD
-33.8%
1Y
+17.7%
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
2026-08-21S3
Wk 1 · Vol x
2026-08-20S32→3
Wk 1 · Vol x
2026-08-19S2
Wk 9 · Vol x
2026-08-18S2
Wk 9 · Vol x
2026-08-17S2
Wk 8 · Vol x
2026-08-14S2
Wk 8 · Vol x
2026-08-13S2
Wk 8 · Vol x
2026-08-12S2
Wk 8 · Vol x
2026-08-11S2
Wk 8 · Vol x
2026-08-10S2
Wk 7 · Vol x
2026-08-07S2
Wk 7 · Vol x
2026-08-06S2
Wk 7 · Vol x
Sector Peers — Stage 2All →
COMSYN
wk 10 · -1.2% from hi
9.6
GULFPETRO
wk 9 · -0.5% from hi
9.6
MMP
wk 11 · -1.1% from hi
9.4
SIGIND
wk 2 · -1.4% from hi
9.2
SBCL
wk 15 · -10.1% from hi
9.0
Moving averages & range
50 DMA
₹673.7
200 DMA
₹663.8
52W High
₹902.5
52W Low
₹459.5
5D Low
₹589.7
Resistance levels (recent highs)
20d High
₹739.7
60d High
₹740.6
120d High
₹740.6
250d High
₹902.5
Next resistance
+25.3%
to 20d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.