Hindustan Copper shares surge 10%, report best week since February 2021

Shares of Hindustan Copper Ltd. extended gains for the sixth consecutive session, rising as much as 9% on Friday, December 26.

The stock has gained 29% in the last six trade sessions and 22% this week, so far.

Hindustan Copper shares have reported their best week since February 2021, when the stock had risen 73% in a week.

Its volumes are the highest since December 2023. Around 9.2 crore shares had changed hands on Friday compared to their 20-day average of 1.8 crore shares.

The stock is trading at the highest level since August 2010. On a year-to-date basis, the stock is up over 90% so far.

Hindustan Copper's shares have continued to move higher in-line with the rally seen in Global Copper prices, which are at record highs having crossed the mark of $12,000 a tonne recently. The stock is up 45% so far this month, making it the best month the stock has had since December 2024.

Hindustan Copper's net profit in the

September quarter increased 82.3% to ₹186 crore from ₹102 crore in the previous year. Its revenue increased 39% to ₹718 crore from ₹518 crore last year.

The company's earnings before interest, tax, depreciation and amortisation (EBITDA) increased 86.3% to ₹282 crore in the second quarter, while its margin expanded to 39.3% from 29.2% in the year-ago period.

Shares of Hindustan Copper gained 9.8% to hit an intraday high of ₹479.45 apiece around 2.10 pm on Friday. The stock has gained 93% this year, so far.

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