Copper News

Hindustan Copper shares have delivered exceptional long-term returns, surging nearly 140% over the past two years and an impressive multibagger return of 1,035% over the past five years.

Stock to buy for short-term: Hindustan Copper shares have gained just 3.3% in one month, and have declined 8% on a year-to-date (YTD) basis. The PSU stock is down over 15% in three months and more than 30% in the past six months.

Indian brokerage firm Anand Rathi expects to see a 15% rise in state-owned Miniratna PSU stock Hindustan Copper, which has given stock market investors more than 900% returns in the last five years.

The entry of Adani Group into the cables and wires market has led to a sell-off in shares of major companies like Polycab India and KEI Industries. Rising copper and aluminum prices further complicate the sector, raising concerns over increased competition and production costs.

Indian metal stocks declined significantly on January 3 amid escalating global trade tensions after US tariffs were announced. The Nifty Metal index fell 3.6%, reaching a low of 8,000, with all constituents losing value, particularly SAIL, JSW Steel, Hindustan Copper, and National Aluminium.

Metal stocks are under pressure as Trump’s tariff threats on China raise concerns about global demand and prices. The Nifty Metal index fell 2.23%, with major losses from companies like Welspun Corp and SAIL, contributing to a 3.4% decline this January.

The report also slammed the company’s decision to award a ₹1,176.12 crore contract for underground mine development at Malanjkhand, Madhya Pradesh, to a blacklisted contractor, resulting in significant cost escalations.