Hindustan Copper Hits All-Time High, Surges 48.35% in Seven Days

Shares of companies associated with the copper business have witnessed remarkable gains recently, with Hindustan Copper leading the charge. India’s only vertically integrated copper producer saw its stock hit an all-time high as the market opened on Monday.

Stock Surges at Market Open
Hindustan Copper shares jumped nearly 15% at the start of trading, reaching a new record of ₹545.95 on the BSE. The stock had closed at ₹475.45 in the previous session and opened at ₹542. Over the past seven trading sessions, the stock has surged 48.35%, drawing strong interest from both traders and investors.

Drivers Behind the Rally
The rally comes amid rising global copper prices and favorable macroeconomic conditions, which have boosted investor sentiment toward metal stocks. Hindustan Copper benefited from higher dollar-denominated contract prices, a weaker rupee, and broad sectoral momentum in metals. Increased trading volumes and price action indicate strong technical momentum, with the stock trading well above key indicators on both daily and weekly charts.

Industry Perspective
“Copper is currently in an impressive growth phase,” said Deepanshu Mehta, Director at Elixir Equities. “Its usage is expanding across industries, and the global electrification trend is supporting higher demand. Although copper prices fluctuate, the broader trend remains positive, which is encouraging for companies like Hindustan Copper.”

Advice for Investors
While the medium-term outlook remains strong, analysts advise caution in the near term. Sachin Gupta, VP (Research) at Choice Broking, noted that Hindustan Copper has gained over 45% in December alone. The Relative Strength Index (RSI) is at elevated levels, showing negative divergence, suggesting the stock may be overbought and some profit-booking could occur.

Gupta recommends new investors adopt a “buy on dips” strategy. Strong support is seen around ₹450, while resistance is near ₹500. Pullbacks toward the support zone may offer better entry points for investors.

Disclaimer: The analysis and suggestions provided here are from individual analysts or brokerage firms, not NBT. Investors are advised to consult certified experts before making investment decisions, as market conditions can change rapidly.