Hindustan Copper Shares Surge 5.58% Amid Robust Metal Demand Rally

Stock Performance

The stock opened higher and sustained momentum, trading above key moving averages amid elevated volumes. This follows a multi month uptrend fueled by copper's critical role in renewables and electrification, with market cap crossing significant thresholds.

Key Highlights

Price Action: Up 5.58% intraday, building on recent 6%+ gains; year-to-date returns exceed 150% driven by production ramps.

Market Drivers: Global copper prices near $10,000/ton on supply constraints; India's capex cycle boosts offtake from Hindcop's Malanjkhand and Khetri mines.

Fundamentals: Q2 FY26 output up 15% YoY; capacity expansion to 12.2 MT ore planned, targeting 130K TPA cathode by FY27.

Technical Edge: Breaks 200 DMA decisively; RSI at 65 signals strength without overbought risks.

Outlook: Sustained metal rally and PSU reforms position Hindustan Copper for further upside, with analysts eyeing ₹250+ targets. Monitor Q3 earnings for mine utilization updates.

Sources: NSE India Live Data