There was a tremendous rise in the shares of government company Hindustan Copper on 26 December. The stock jumped nearly 8 percent to Rs 473, its highest level since November 2010. The main reason for this rise is the copper prices reaching record levels in the international market. Due to lack of supply, especially in Shanghai, copper prices reached new highs.
Top gainer in Nifty Metal Index
Hindustan Copper was the top gainer of Nifty Metal Index on 26 December. While the Nifty Metal index rose by about 0.2 percent, Hindustan Copper gave excellent returns to investors. The company’s shares have gained a total of 21 percent this week, which is the biggest weekly gain since December 2023.
89% increase so far in 2025
So far in the year 2025, the share of Hindustan Copper has increased by about 89 percent. It has become the highest growing stock in the metal index. The overall metal index has increased by 24 percent during the same period. It is clear from this that Hindustan Copper has left the average performance of the market far behind.
Record prices of copper in the global market
Talking about the international market, the price of copper on Shanghai Futures Exchange increased by 2.7 percent to 98,780 yuan per ton. At the same time, on America’s Comex exchange it jumped by 3 percent to reach $ 5.743 per pound. Copper prices are being supported by the weak US dollar and the fear of supply tightening in 2026.
What next, profit booking or more bullishness?
Analysts believe that profit booking cannot be ruled out at these high levels, but the strong fundamentals of the company and the support of global copper prices can give further strength to the stock. There has been a good year-on-year increase in the company’s profits in the September quarter.
Will benefit from increasing demand in India
According to brokerage houses, the demand for copper in India is going to increase rapidly by 2030. Strong demand is expected from construction, industry, electricity and renewable energy sectors. In such a situation, Hindustan Copper seems to be playing an important role in the country’s mineral security and long-term needs.
