Thursday, February 3, 2011

ASHAPURA MINECHEM - RESULT UPDATE

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/-

4 comments :

  1. Do you have any comment on corporate governance of company ?

    ReplyDelete
  2. Yes,that's really not up to the mark and which is one of the main concern.It was fine when the company was in good shape.

    ReplyDelete
  3. I really appreciate your post and you explain each and every point very well.Thanks for sharing this information.And I’ll love to read your next post too.
    Regards:
    Stock Market

    ReplyDelete
  4. Hi,

    Can you please check this company now.

    I think it could create more wealth for its shareholders.

    ReplyDelete

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