Hindustan Copper shares delivered exceptional returns for investors. The stock jumped 8% to ₹473. The surge is primarily attributed to rising copper prices in the international market and supply shortages in Shanghai. This marks the highest level the stock has reached since November 2010.
Copper Prices Soar, Hindustan Copper Shares Jump 8%
New Delhi: Hindustan Copper was the top-performing stock in the Nifty Metal Index. While the overall Metal Index rose by only 0.2%, Hindustan Copper provided spectacular returns to investors. The stock gained a total of 21% this week, the largest weekly gain since December 2023.
So far in 2025, Hindustan Copper shares have climbed nearly 89%. This makes it the fastest-growing stock in the metal index. In contrast, the overall Metal Index has gained only 24% during the same period. This means Hindustan Copper has significantly outperformed the market average.
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Copper prices on the Shanghai Futures Exchange rose 2.7% to 98,780 yuan per ton. On the US COMEX exchange, it jumped 3% to $5.743 per pound. A weaker US dollar and potential supply shortages in 2026 are expected to further strengthen copper prices.
Profit-Taking or Further Gains? Analysts believe that profit-taking is possible at higher levels, but the company's strong fundamentals and robust global copper prices will continue to support the stock. The company's profits saw a healthy year-on-year increase in the September quarter, which is a positive sign for investors.
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According to brokerage houses, the demand for copper in India is expected to grow rapidly by 2030. Strong demand is anticipated from the construction, industrial, power, and renewable energy sectors. In this scenario, Hindustan Copper will play a crucial role in ensuring the country's mineral security and meeting its long-term needs.
