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/-
Currently Ashapura Minechem is trading at Rs.32/-
Do you have any comment on corporate governance of company ?
ReplyDeleteYes,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.
ReplyDeleteHi,
ReplyDeleteCan you please check this company now.
I think it could create more wealth for its shareholders.