Hindustan Copper Share Price Today: Hindustan Copper shares are the spotlight on today (December 30) as the counter extended its rally for the eighth straight
trading session. The stock gained sharply during the day, reflecting strong buying interest. Hindustan Copper shares opened lower at Rs 482.95 on the NSE, compared with the previous close of Rs 487.45. However, the stock quickly recovered and surged nearly 10 per cent to hit an intraday high of Rs 537.25. Around 2:40 PM, Hindustan Copper shares were trading 9.50 per cent higher at Rs 534 on the NSE. Around 12.31 crore shares changing hands at that time. On the BSE, the stock was also trading firm, up 9.4 per cent at Rs 533 with spurt in volume by more than 3.13 times. Hindustan Copper shares are gaining for eight consecutive sessions and have delivered returns of over 40 per cent during this period. Technically, the stock appears strong as it is currently trading above all its key moving averages, including the 5-day, 20-day, 50-day, 100-day and 200-day averages. The stock is also hovering near multi-year highs. Rajesh Agarwal, Head of Research at AUM Capital Market, said that copper demand is rising steadily due to industrial demand. Copper is not just a raw metal for electric vehicles, it is also a core material for solar panels. "That is why demand is going up,” he said. Commenting specifically on Hindustan Copper, Rajesh said that Hindustan Copper is India’s only vertically integrated copper producer, with a current capacity of 3.75 million tonnes per annum. The company has plans to expand this capacity to 12.2 million tonnes per annum by FY30. He said that the demand-supply dynamics are favourable. “Capacity expansion is taking place, demand is increasing and supply at this point is not sufficient to fully meet demand. The government holds around 66 per cent stake in the company. The company is doing very well and it was evident in the Q2 results. Hindustan Copper shares are trading at multi-year highs. I believe a lot of steam is still left in the stock,” he said. However, he added that after such a steep rally, some consolidation or correction cannot be ruled out. “The stock has touched a 15-year high, so short-term consolidation is possible. But from a long-term perspective, Hindustan Copper still looks good and can be bought for long-term investment." Commenting on Hindustan Zinc, Rajesh said the stock also looks positive, purely on the fact that 40 per cent of the revenue comes from silver and we all know that how silver is performing at this point of time." Hindustan Copper shares have delivered a solid returns in the 2025 so far, with the counter skyrocketing 60 per cent in just one month. On YTD basis, Hindustan Copper shares have yielded a multibagger return of 112 per cent. Hindustan Copper, which enjoys Miniratna status, falls under the administrative control of the Ministry of Mines. VIDEO
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
