Hindustan Copper Ltd Share Price – NSE  /  BSE

Non Ferrous Metals, Small Cap

Hindustan Copper Ltd gained for a fifth straight session today. The stock is quoting at Rs 361.6, up 9.13% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 22687.55. The Sensex is at 74882.04, up 0.19%. Hindustan Copper Ltd has risen around 34.37% in last one month.

Meanwhile, Nifty Metal index of which Hindustan Copper Ltd is a constituent, has risen around 8.28% in last one month and is currently quoting at 8794.65, up 1.58% on the day. The volume in the stock stood at 469.86 lakh shares today, compared to the daily average of 163.24 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 363.5, up 9.44% on the day. Hindustan Copper Ltd is up 259.8% in last one year as compared to a 28.73% spurt in NIFTY and a 60.39% spurt in the Nifty Metal index.

The PE of the stock is 105.57 based on TTM earnings ending December 23.

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Hindustan Copper Ltd is up for a third straight session in a row. The stock is quoting at Rs 324.6, up 3.39% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 22497.4. The Sensex is at 74196.71, down 0.04%. Hindustan Copper Ltd has added around 15.54% in last one month.

Meanwhile, Nifty Metal index of which Hindustan Copper Ltd is a constituent, has added around 5.46% in last one month and is currently quoting at 8684.45, up 0.27% on the day. The volume in the stock stood at 148.39 lakh shares today, compared to the daily average of 149.65 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 326.25, up 3.67% on the day. Hindustan Copper Ltd is up 227.88% in last one year as compared to a 27.83% gain in NIFTY and a 57.53% gain in the Nifty Metal index.

The PE of the stock is 99.92 based on TTM earnings ending December 23.

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Similarly, the company has achieved ore production of 3.78 million tonne in FY 2023-24, which is highest in last four years and 13% higher than last year.

Malanjkhand Copper Project at Madhya Pradesh, the flagship unit of HCL, has achieved 18% higher ore production and 9.4% higher MIC production compared to last year.

The KCC Unit at Rajasthan has achieved 11% higher ore production and 17.3% higher MIC production with respect to last year.

The TCP Unit at Maharashtra has achieved 27,833 tonne of continuous cast copper rod production (third party tolling), which is 71,725 tonne higher than last year.

Hindustan Copper (HCL) is a vertically integrated copper producing company. The principal activities of the company are exploration, exploitation, mining of copper and copper ore including beneficiation of minerals, smelting and refining.

The company's consolidated net profit declined 21.44% to Rs 63 crore in Q3 as compared with Rs 80.20 crore posted in Q3 FY23. Revenue from operations fell 28.31% YoY to Rs 399.29 crore in Q3 FY24.

The scrip shed 0.26% to currently trade at Rs 309.30 on the BSE.

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Hindustan Copper announced that the Ministry of Mines, Government of India has nominated Rabindra Prasad Gupta, Director, Ministry ofMines vice Sanjeev Verma, Ex-Director, Ministry of Mines as part time official Director on the Board of Hindustan Copper with immediate effect. Sanjeev Verma accordingly ceasesto be Director of Hindustan Copper w.e.f .13 March 2024.

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