Why did ASHAPURMIN.NS stock fall sharply today?

ASHAPURMIN.NS stock fell on 06 Feb 2026 mainly due to profit booking and heavy selling volume. Technicals showed an RSI near **70.90** and relative volume of **1.53x**, increasing downside pressure in a market-closed session.

What are the key support and resistance levels for ASHAPURMIN.NS stock?

Short-term support is the day low **INR 596.30** and the 200‑day average **INR 595.30**. Immediate resistance is **INR 643.65**, then the 50‑day average around **INR 776.74**.

What is Meyka AI's forecast for ASHAPURMIN.NS stock?

Meyka AI's forecast model projects a yearly price of **INR 672.31** for ASHAPURMIN.NS stock, implying about **10.65%** upside versus the current close of **INR 607.60**. Forecasts are model-based and not guarantees.

Is Ashapura Minechem fundamentally strong after the drop?

Fundamentals remain mixed: strong gross margin **72.53%** and ROE **32.28%**, but higher P/B **4.57** and inventory days **180.85** raise valuation and working-capital concerns. Compare metrics before deciding.

IN Stocks

Ashapura Minechem falls 16.85% to INR 607.60 on NSE: analyst view 06 Feb 2026

ByDanny Kontos February 6, 2026

Ashapura Minechem Limited (ASHAPURMIN.NS) closed as a top loser on the NSE on 06 Feb 2026, dropping 16.85% to INR 607.60. The sell-off came on heavy volume of 2,416,715 shares, well above the 30‑day average of 878,108. ASHAPURMIN.NS stock showed intraday range INR 596.30–643.65 and ended below the 50‑day average of INR 776.74. We cover the drivers, valuation and a short-term forecast to help traders and investors assess next steps in the market-closed session.