{"id":143025,"date":"2025-01-20T13:49:02","date_gmt":"2025-01-20T08:19:02","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=143025"},"modified":"2025-01-20T17:46:56","modified_gmt":"2025-01-20T12:16:56","slug":"stock-jumps-10-after-mou-with-china-railway-for-bauxite-project-in-guinea","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-10-after-mou-with-china-railway-for-bauxite-project-in-guinea\/","title":{"rendered":"Stock jumps 10% after MoU with China Railway for bauxite project in Guinea"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3513878033\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the leading&nbsp; Mining stock specialising in the mining, manufacturing, and trading of minerals and their derivative products, jump 10 percent upon entering into a long-term Memorandum of Understanding (MOU) with China Railway.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2509661549\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs. 5,075.30 crores on Monday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/ASHAPURMIN\" target=\"_blank\" rel=\"noreferrer noopener\">Ashapura Minechem Limited<\/a><\/strong> jumped 10 percent, making a high of Rs. 571.55 per share compared to its previous closing price of Rs. 519.60\u00a0 per share.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Ashapura Minechem Limited specialising in the mining, manufacturing and trading of minerals and their derivative products through its overseas subsidiary has entered into a long-term Memorandum of Understanding (MOU) with China Railway.<\/p><p>The strategic partnership with China Railway, through a long-term Memorandum of Understanding, outlines a joint effort to develop Ashapura&#8217;s Fako bauxite deposit in the Kindia region of Guinea. Under the agreement, China Railway will handle bauxite production and logistics, while Ashapura will manage sales, marketing, and technical support, including quality assurance.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-716823831\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>This project aims to create job opportunities in one of Guinea&#8217;s most underdeveloped regions, improve the company\u2019s production capacity, and contribute to local economic growth and community welfare and improving lives of local communities in the Fako region.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Business Outlook&nbsp;<\/strong><\/h2><p>The company has successfully increased its bauxite sales from Guinea despite challenges, and all business segments, including Bentonite, Kaolin, and Bleaching Clay, have performed well in FY 2023-24. The company has signed long-term contracts for bauxite and iron ore supply. With a new port in Guinea, Ashapura expects a significant boost in bauxite exports in FY2024-25.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue rose by 5.1 percent from Rs 575.78 crore to Rs 605.25 crore in Q2FY24-25. Meanwhile, Net profit declined from Rs&nbsp; 59.33 crores to&nbsp; Rs 44.33 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-962304003\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the leading&nbsp; Mining stock specialising in the mining, manufacturing, and trading of minerals and their derivative products, jump 10 percent upon entering into a long-term Memorandum of Understanding (MOU) with China Railway.&nbsp; Price action With a market capitalization of Rs. 5,075.30 crores on Monday, the shares of Ashapura Minechem Limited [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-143025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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