Scripscan:Ashapura Minechem Ltd
cmp:40
Code:527001
Story:Ashapura Minechem Limited, together with its subsidiaries, engages in mining, processing, manufacturing, distributing, and exporting industrial minerals and its derivatives in India. Its products include bauxite, calcined bauxite and derivatives, and calcined alumina, cement powder, bentonite, and bleaching clay. The company also offers iron ore, kaolin, barites, ball clay, gypsum, calcium, carborate, feldspar, and mica products. Ashapura Minechem is based in Mumbai, India.The present numbers if glanced would look pathetic for sure.I have been a fan of these company for a long time now.It has got scale,a good visionary and efficient management only thing that went wrong was its aggresive and ambitious expansion plan which it planned at not the greatest time of economic environment.I am pretty sure with its vast knowledge and expertise it would be able to regain its lost glory in the coming years.For a contrarion play we cudnt have a better choice than ashapura folks.At 35-40 odd I feel most bad news are discounted and over a period of time it should have a healthy northward movement.
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Thursday, November 12, 2009
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