Overview
- The shares jumped as much as 14.8% intraday to Rs 545.95 on December 29, marking a lifetime high.
- The stock has risen about 48% over seven sessions, lifting its market value to roughly Rs 52,300 crore at the peak.
- The advance tracks record copper prices, with MCX futures near Rs 1,372.60 per kg and LME prices around $12,960 per tonne.
- Momentum indicators show the RSI above 80, and multiple experts advise profit-taking or buy-on-dips rather than initiating fresh positions.
- Recent September-quarter results showed net profit up 81% and revenue up about 39%, while structural demand and dollar-linked realizations support sentiment.