Hindustan Copper Ltd (HINDCOPPER)

Hindustan Copper Officials Trapped in Mine Accident - 15 May, 2024

Fourteen officials of Hindustan Copper Limited were trapped in a mine in Rajasthan's Neem ka Thana district due to a lift malfunction. One official died, while others were rescued. The incident may impact the company's operations and reputation. Motilal Oswal recommends buying HCL at ₹ 373 with a target price of ₹ 410.

15 Trapped in Hindustan Copper Mine Collapse - 14 May, 2024

Fifteen people are trapped under debris after a lift collapsed at the Hindustan Copper Limited mine in Rajasthan's Khetri Nagar. The situation is under control, and no casualties have been reported.

Hindustan Copper Ltd Receives Positive Outlook from Analyst; Joint Venture Aims to Acquire Lithium Block - 11 May, 2024

Rajesh Palviya of Axis Securities has a positive outlook on the metal space, including Hindustan Copper Ltd. Additionally, Khanij Bidesh India Ltd (KABIL), a joint venture of Nalco, HCL and MECL, aims to acquire a lithium block in Australia.

Hindustan Copper and Vedanta Shares Surge on Increased Demand for Metals - 10 May, 2024

Shares of Hindustan Copper and Vedanta surged 4% to Rs 372.25 and Rs 410.45, respectively, while Hindustan Zinc jumped 14% to its new 52-week high of Rs 520 due to increased demand from China and India's infrastructure and manufacturing sectors.

Hindustan Copper Stock Outperforms Nifty50 and Nifty Metal Indices - 07 May, 2024

Hindustan Copper stock has rewarded investors with a return of 158.6% in six months and 253% in a year, outshining gains of 24.2% and 58.3% in the Nifty50 and Nifty Metal indices respectively. However, several analysts find the copper miner's stock to be expensive relative to the rest of the non-ferrous metal basket.

Hindustan Copper Ltd Up 3.06% on NSE - 26 Apr, 2024

Hindustan Copper Ltd is up 3.06% on the NSE, trading at Rs 392.45 as of 12:49 IST. The stock has seen a significant increase of 293.04% in the last year compared to a 25.57% spurt in NIFTY and a 60.74% spurt in the Nifty Metal index. The PE ratio of the stock stands at 121.27 based on TTM earnings ending December 23.

Hindustan Copper Shares Surge on Rising Copper Prices - 22 Apr, 2024

Shares of Hindustan Copper surged to a 52-week high and then to a 13-year high as copper prices approached $10,000 per tonne mark on LME. The growing demand for copper is viewed as a barometer of economic vitality and analysts anticipate significant growth in demand due to the transition towards green energy.

Hindustan Copper Ltd faces resistance at ₹380 - 20 Apr, 2024

Hindustan Copper Ltd is facing key resistance at ₹380, with immediate support at ₹340. A break below it can trigger a corrective fall to ₹320-300 or even lower. From a long-term perspective, ₹275 is a crucial support level.