2 weeks ago
Hindustan Copper stock surges as copper prices hit high
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.
Hindustan Copper shares rose 8.25% to Rs 572.50 on Monday.
The stock has gained 138% in a year and 302% in three years.
Q1 net profit jumped 162% to Rs 352 crore, while revenue rose 81% to Rs 937 crore.
LME copper prices climbed from about $9,600 to above $14,000 per tonne over the past year.
Copper demand is driven by power transmission, EVs, renewable energy and data centres amid supply constraints.
- Who
- Hindustan Copper Limited, a state-owned copper producer under India's Ministry of Mines.
- What
- The company's stock surged and its quarterly earnings jumped as copper prices hit multi-month highs.
- Where
- India, with global copper prices tracked on the London Metal Exchange.
- When
- Monday's trading session, with earnings reported for the June quarter and copper rallying over the past 12 months.
- Why
- Copper prices rose nearly 50% due to supply constraints, declining exchange inventories, and robust demand from power, EV, renewable energy and data-centre sectors.
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








