Shares of Hindustan Copper soared 17.6% to a fresh 52-week high of ₹745, extending their six-month rally to 188%. The surge is driven by record global copper prices, tight supply, and rising demand linked to AI and renewable energy sectors. Analysts caution, however, that elevated prices may face correction risks.
Hindustan Copper Ltd, India’s state-owned copper producer, witnessed a sharp rally in Thursday’s trade, with shares climbing 17.6% to hit a new high of ₹745 on the NSE. Over the past six months, the stock has delivered an extraordinary 188% return, making it one of the standout performers in the metals sector.
The rally is fueled by record copper prices globally, supply constraints, and strong demand from sectors such as artificial intelligence, renewable energy, and electric vehicles, where copper plays a critical role. Investor sentiment has also been boosted by Hindustan Copper’s emergence as a preferred bidder for new mining projects, strengthening its long-term growth outlook.
Key Highlights:
Stock Performance: Up 17.6% in a single session; 188% gain in six months.
Price Drivers: Record global copper prices and tight supply conditions.
Demand Factors: AI infrastructure, renewable energy, and EV sector fueling copper consumption.
Company Developments: Hindustan Copper emerging as preferred bidder for new mining blocks.
Analyst View: Strong momentum, but caution advised as high prices may not sustain.
The surge underscores copper’s strategic importance in India’s industrial growth story, while highlighting Hindustan Copper’s pivotal role in meeting rising demand.
Sources: Economic Times, Reuters, Business Standard