Hindustan Copper Soars to All-Time High on Global Copper Price Spike
Record copper prices plus recent profit growth lifted the stock, with technicians warning of overbought conditions.
Overview
- Shares jumped as much as 14.8% on December 29 to Rs 545.95, extending a seven-session rally of more than 48% and leaving the stock roughly doubled for 2025.
- Copper benchmarks set fresh highs, with LME futures near USD 12,960 per tonne and MCX contracts around Rs 1,372.60 per kg, marking the strongest yearly gain since 2009.
- Market drivers include surging demand from technology and clean energy, supply disruptions in key producers such as Chile and Indonesia, and shifting trade flows tied to tariff risks.
- Hindustan Copper’s September-quarter net profit rose 81% year-on-year to Rs 183.79 crore as revenue grew about 39% to Rs 718.04 crore, reinforcing investor interest.
- Outlooks remain bullish for prices into 2026 per JPMorgan, while technical voices cite RSIs above 80 and recommend booking profits or waiting for lower entry levels.