Overview
- Shares jumped as much as 8% to about Rs 474, extending a six‑session surge of roughly 29% and marking the highest level since 2010.
- Copper benchmarks printed fresh or near‑record readings, with Shanghai futures at an all‑time peak near 98,780 yuan a tonne, LME three‑month prices previously touching $12,282 a tonne, COMEX around $5.76 a pound, and MCX futures near a record Rs 1,225 per kg.
- So far in 2025, the stock has risen about 87–89% and led the Nifty Metal index, which advanced roughly 24%, including a 21% weekly gain for Hindustan Copper.
- The company reported strong September‑quarter results, with profit up 84% to Rs 186.82 crore and revenue up 38.6% year on year to Rs 718.04 crore, while its chief managing director highlighted AI data centres consuming roughly 28–30 tonnes of copper each.
- LIC disclosed a stake reduction to 4.072% from 6.086% between August 2024 and December 2025, and analysts flagged scope for near‑term profit‑taking while citing structural demand drivers and expansion plans that target mining capacity of 12.2 mtpa by FY31.