Hindustan Copper Shares Surge 4.6%: Copper Rally Fuels Multibagger Momentum

Hindustan Copper leads metal pack with 772% 5-year returns, trading at 92x PE but backed by 25% net margins and low debt. Global copper demand surges from AI capex, renewables, and India's infra push, positioning the Miniratna PSU for sustained upside despite high valuations.

Key Highlights

• Stock up 3.7% to Rs 542 on NSE as of early January 2026, building on 60% monthly and 117% yearly gains
• ​Copper futures at MCX record Rs 1,087/kg, driven by Chinese smelter cuts, Chilean output drops, and US tariff fears tightening supply
• ​Q2 FY26 revenue jumps 38.6% to Rs 718 crore; annual revenue CAGR outperforms at 21.25% vs 3-year 4.64%
• ​MoU with NTPC Mining and JSW Group for copper blocks and 20-year contracts worth Rs 24 billion
• ​Expansion targets 12.2 million tonnes ore capacity by 2030-31; Rakha mine lease extended
• ​Nifty Metal index up amid Fed rate cut hopes, dollar weakness, and China growth

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Sources: Economic Times, NSE India, Moneycontrol