Ashapura Minechem Ltd
ASHAPURMIN

68.65

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Day's Vol.(shares)

68.50

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Reco. Price
Rs 70.30
We recommend REDUCE on the stock based on risks associated with pending litigations creating contingent liability of Rs.844cr. Also, the company is in the process of DRS as per the regulations for sick companies. The stock is currently trading at FY18E P/E of 2.0x. (Target Price– Rs.63.5)
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50 DMA (.)
66.75
100 DMA (.)
64.30
200 DMA (.)
65.15
Weekly Range (.)
64.50
71.90
Monthly Range (.)
63.80
71.90
52 Weeks Range (.)
52.70
86.80
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