2 weeks ago

Hindustan Copper stock surges as copper prices hit high

Hindustan Copper stock surges as copper prices hit high
Multibagger returns: Copper stock in focus today as metal prices hit six month high · businesstoday.in

Copper is a metal used in many important things like electric cars, power lines, and buildings.

A company in India called Hindustan Copper digs copper out of the ground and makes it ready to use.

Lately, copper has become much more expensive because people want a lot of it and there is not enough to go around.

Because copper prices went up, Hindustan Copper made a lot more money.

In the last three months, its profit grew by 162% compared to the same time last year.

Its sales also went up by 81%.

Because the company is doing so well, people want to buy its shares, so the stock price went up by 8.25% in one day.

Over the past year, the stock has grown by 138%.

Copper prices have risen by almost 50% in the last 12 months.

The metal is close to record high prices because mines are having trouble making enough copper.

Key facts

Monday stock gain
+8.25% to Rs 572.50
1-year stock return
138%
3-year stock return
302%
Q1 net profit
Rs 352 crore, up 162% year-on-year
Q1 revenue
Rs 937 crore, up 81% year-on-year
LME copper price
Above $14,000 per tonne, up from ~$9,600 a year ago
Copper price 12-month gain
Nearly 50%
Company status
Central Public Sector Enterprise under the Ministry of Mines, Government of India

Sources

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