Hindustan Copper will hold a meeting of the Board of Directors of the Company on 28 May 2019.

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Hindustan Copper will hold a meeting of the Board of Directors of the Company on 25 April 2019.

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The announcement was made after market hours yesterday, 22 April 2019.

Meanwhile, the S&P BSE Sensex was up 65.75 points, or 0.17% to 38,710.93.

On the BSE, 40,000 shares were traded in the counter so far compared with average daily volumes of 1.12 lakh shares in the past two weeks. The stock had hit a high of Rs 49.30 and a low of Rs 48.60 so far during the day. The stock hit a 52-week high of Rs 78.70 on 23 April 2018. The stock hit a 52-week low of Rs 78.70 on 23 April 2018.

Hindustan Copper announced that its board will meet on 25 April 2019, to consider and recommend seeking members approval for raising funds through issue of equity shares through qualified institutional placement method in supersession of earlier resolution.

Hindustan Copper's net profit jumped 82.66% to Rs 34.56 crore on 10.10% rise in net sales to Rs 474.22 crore in Q3 December 2018 over Q3 December 2017.

Hindustan Copper is a vertically integrated copper producing company encompassing mining, beneficiation, smelting, refining and casting of refined copper metal.

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Hindustan Copper Ltd dropped for a fifth straight session today. The stock is quoting at Rs 49.3, down 0.1% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 11601.65. The Sensex is at 38629.11, up 0.06%.Hindustan Copper Ltd has gained around 0.31% in last one month.Meanwhile, Nifty Metal index of which Hindustan Copper Ltd is a constituent, has increased around 2.49% in last one month and is currently quoting at 3067.45, down 0.24% on the day. The volume in the stock stood at 2.26 lakh shares today, compared to the daily average of 7.68 lakh shares in last one month.

The PE of the stock is 36.02 based on TTM earnings ending December 18.

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