On Tuesday, December 30, shares of Hindustan Copper, the nation’s top producer of copper, increased for the eighth consecutive session on rising copper prices on both domestic and foreign markets. The company’s shares reached an intraday high of ₹519.80 on Tuesday after rising as much as 41% during the previous eight trading sessions. In the previous session, the stock reached a record high of ₹545.95.
In the midst of higher-than-normal trading volumes on Tuesday, the stock increased as much as 6.64% on the National Stock Exchange and as much as 6.62% on the BSE, reaching an intraday high of ₹519.75.
In early trading, up to 76 lakh shares were traded on the BSE, compared to an average of 39.68 lakh shares every day during the previous two weeks. According to data from the stock exchanges, 7.15 crore shares valued at ₹3,640 crore were traded on the National Stock Exchange.
On the MCX, copper futures for delivery on December 31 increased by as much as 3.99% to ₹1,249.70 a kilogram.
Due to growing demand from the technology and energy transition sectors as well as uncertainty surrounding tariffs, copper prices have increased by more than 50% so far this year and are on track for their largest annual gain since 2009.
Global copper prices have crossed the $12,000-per-tonne threshold on the LME for the first time, according to market experts, and they will keep rising on the bourse.
They blamed the recent spike on supply problems in important producing nations like Chile and Indonesia, where operational problems and environmental concerns have made the world market more competitive.
According to a forecast by international investment firm JPMorgan, the price of copper is expected to reach $12,500 per million tonnes in the second half of 2026, with an average of $12,075/mt for the entire year.
According to a JPMorgan research, severe supply disruptions have caused the copper market to tighten considerably, driving up prices.
Q2 earnings for Hindustan Copper
Hindustan Copper announced last month that its consolidated net profit (attributable to the company’s shareholders) increased by 81% year over year (YoY) to ₹183.79 crore for the 2025–26 fiscal year (Q2Y26).
According to a regulatory filing, it recorded a net profit of ₹101.67 crore during the same time previous year.
Compared to ₹518.19 crore in the September quarter of the 2024–25 fiscal year (Q2FY25), its revenue from operations increased 38.6% YoY to ₹718.04 crore during the reviewed quarter.
