Hindustan Copper’s shares surged more than 11% on Monday, hitting a 52‑week high of ₹545.95 and pushing its market value over ₹50,000 crore.
What’s driving the rally?
The jump follows a sharp rise in global copper and silver prices. Copper traded around ₹1,376 per kg in India, while silver topped ₹2,50,000 per kg on the MCX. Internationally, copper on the London Metals Exchange approached $13,000 per tonne after the holiday break. Higher commodity prices improve Hindustan Copper’s revenue outlook.
Recent performance snapshot
- Up 11.21% on Dec 29, reaching a 52‑week high.
- Seven straight days of gains, a cumulative rise of 48.35%.
- Market capitalisation crossed the ₹50,000‑crore threshold for the first time.
- In the past five sessions, the stock is up ~23% and up 44% in the last month.
- Year‑to‑date gain stands at about 98%.
Analyst view: short‑term vs long‑term
Short‑term traders are advised to consider profit‑booking or use trailing stop‑losses, as rapid moves can quickly embed optimism into the price.
Long‑term investors may want to wait for price corrections before adding more shares, betting on the structural demand for copper from electrification and electric‑vehicle production, as well as the company’s plans to expand capacity.
Key takeaways for investors
- Rising copper prices are the main catalyst behind the stock’s surge.
- Market sentiment remains positive, but volatility may increase.
- Short‑term profit‑taking could create pull‑backs; long‑term fundamentals stay strong.
- Keep an eye on global copper supply dynamics and any potential U.S. import tariffs.
Remember, this is just an overview, not a prediction. Do your own research or talk to a financial advisor before making any investment decisions.