This smallcap stock hit new high after gap of 15 years; up 47% in 1 month

Shares of Ashapura Minechem were locked in the 5 percent upper circuit at Rs 460.25 on the BSE at 9:58 am on Thursday. The share has reached a record high after a period of fifteen years.

The stock of industrial minerals surpassed the previous high of Rs 445 in January 2008. In the past month, the stock has risen 47 percent, compared to a 6.7 percent rise in the S&P BSE Sensex. So far in the 2023 calendar year, it has shot up 370 percent, versus a 13.5 percent increase in the benchmark index.

Ashapura Minechem is a leading provider of multimineral solutions with a global footprint. It is among the top three in the world