Hindustan Copper Ltd Share Price (HINDCOPPER)

Hindustan Copper Stock Hits One-Year High - 12 Apr, 2024

Shares of Hindustan Copper Ltd hit a one-year high level of Rs 377.10, gaining 259.51% in the past year. Technical analysts suggest holding positions and fresh entry at Rs 350-340 zone with major support at Rs 300.

Hindustan Copper Ltd Shares Jump 28% in a Month - 10 Apr, 2024

Hindustan Copper Ltd shares have surged by 28% in the last month and 256% in the last year. The company's high P/S ratio of 20.3x may indicate that investors are willing to pay up for exposure to the stock despite fairly average recent growth rates. However, further investigation is required to determine if the high P/S ratio is justified.

Hindustan Copper Surges on Global Copper Price Rise - 09 Apr, 2024

Shares of Hindustan Copper surged over 9% to a 52-week high after global copper prices hit their highest levels in over a year due to supply constraints and renewed optimism surrounding Chinese demand. The stock also came out of the F&O ban, with volumes surging and being more than the average traded volume. The stock is up 259.8% in the last one year.

Hindustan Copper Sees Massive Buying in Derivatives - 05 Apr, 2024

Hindustan Copper has seen a surge in retail and high net worth individual investors, leading to a ban on trading in derivatives. The bullish mood is fueled by strong production numbers for FY24 and copper prices at a 14-month high. However, bulls should be cautious as getting timing right in commodity stocks can be tricky.

Hindustan Copper Ltd Stock Shows Breakout Potential - 04 Apr, 2024

Hindustan Copper Ltd stock has broken above its recent resistance mark of 306.50 on both daily and weekly charts, with good volume pickup and consolidation after the breakout. The stock looks like an interesting candidate at current levels for potential upside targets of 335 and above.

Hindustan Copper Reports Increase in Production; Short-Term Outlook Bullish - 02 Apr, 2024

Hindustan Copper records an increase in metal concentrate and ore production for FY23-24. The company's short-term outlook is bullish, with the stock expected to rise to Rs 360-370.

Hindustan Copper's ROCE Grows by 53% in Last Five Years - 29 Mar, 2024

Hindustan Copper has seen a significant growth of 53% in its return on capital employed (ROCE) over the last five years, indicating promising trends. Further research is recommended to determine if these trends will continue.

Hindustan Copper Joins Consortium for Overseas Mining - 28 Mar, 2024

Hindustan Copper has joined a consortium of Indian firms to form Khanij Bidesh India (KABIL) to explore overseas for mineral assets, with a focus on copper and lithium resources in Chile.

KABIL Acquires Lithium Blocks in Argentina - 23 Mar, 2024

Hindustan Copper Ltd, along with NALCO and MECL, through their joint venture KABIL, has acquired five lithium blocks in Argentina. The Mines Ministry is also planning to appoint a consultant for due diligence on acquiring lithium blocks in Australia.

Hindustan Copper Stock Shows Weakness with Head & Shoulder Pattern Formation - 21 Mar, 2024

The Hindustan Copper stock has formed a head & shoulder type pattern on the weekly chart, indicating potential downside. Negative volume and RSI patterns support this view. Traders may sell at current market price of Rs 255, add more up to Rs 263, and wait for the downside target of Rs 235 in the next 2-3 weeks.

Hindustan Copper Shares Surge Amid Rising Copper Prices and Production Cuts - 14 Mar, 2024

Hindustan Copper shares rallied up to 12% as copper prices surged to an 11-month high due to potential production cuts in China. The company holds mining lease for more than 80% of India's copper reserves. Demand is expected to increase further in the health sector due to its biocidal properties.