Hindustan Copper’s stock raced up almost 15% on Monday, touching a fresh 52‑week high as copper prices surged worldwide.
Why the stock surged
The shares opened with a gap up of about 14.6% and climbed to an intraday high of ₹545.95, before settling at ₹487.85 – still a solid 2.58% gain for the day. Over the last seven trading sessions, the stock has risen more than 36% and its market value briefly crossed the ₹50,000 crore mark.
Key drivers behind the copper price rally
- Record copper prices on the London Metal Exchange set a new benchmark.
- Strong demand and tight supply in the global market kept prices elevated.
- US economic data and expectations of Federal Reserve rate cuts supported commodity buying.
- Weaker US dollar makes dollar‑denominated commodities cheaper for investors using other currencies, boosting demand.
Impact on the broader metal sector
The Nifty Metal index also hit a 52‑week high, rising about 5% in eight sessions. Other metal names such as Hindalco, Vedanta and SAIL joined the rally, reflecting broad‑based buying across both ferrous and non‑ferrous stocks.
What investors should watch
Analysts note that while the momentum in metal stocks could continue, volatility may return if global macro conditions shift. Keep an eye on copper futures, US dollar movements, and any changes in Fed policy expectations.
Remember, this is perspective, not a prediction. Do your own research and consider consulting a certified financial advisor before making any investment decisions.