Hindustan copper shares: The shares of Hindustan Copper, which took out the copper, showed a strong trend of purchasing and it jumped more than 7% in intra-day. Today its shares have climbed up the fifth consecutive business and in these five days it has strengthened about 18% with today’s Intra-Day High. This month was quite spectacular for the company’s shares. It was only four days this month when its shares weakened. Talking about now, it is currently at ₹ 327.00 with a mild profits on BSE with a rise of 6.05%. It jumped 7.15% to ₹ 330.40 in intra-day.
Talking about the move of Hindustan Copper shares in the last one year, it was one year high ₹ 352.60 on 30 September 2024 last year. In a short more than six months from this high, it fell 47.84% to ₹ 183.90 on 7 April 2025, which is a one -year -low level for its shares.
What is the reason for the rapid rise in shares of Hindustan Copper?
Hindustan works under the Ministry of Mine and removes copper and the copper prices have been close to record high for more than a year globally. Its expressions have been strong ever since the Freeport-MCMORAR Inc. declared the Force Majeure on the supply contract with its big mine in Indonesia. The Grassberg Mine, which is announced, is the largest copper source in the world.
The company announced the Force Major after an accident on 8 September. Two workers died in this accident and five disappeared and about 8 lakh tonnes of material was washed away. There is a provision in the Force Magure Contract, in which the company remains free from liabilities at the time of flood, war or epidemic. Following the Freeport-Macmorain’s announcement, the three-month benchmark copper prices jumped 3.9% to a 15-month high $ 10,400 per ton. With this speed, copper prices reached near the record high of $ 11,104.50 which it touched in May 2024.
Hindustan Zinc shares have got support not only in the price of copper, but also from the renewal of the mining lease of Rakha Copper Mine. This Mine is in Jamshedpur and its lease has been extended for 20 years, this has increased the opportunity to reopen and expand it. Apart from this, the company has done a joint MoU with Oil India regarding critical minerals like copper.
How much government share in Hindustan Copper?
PSU company Hindustan Copper has a 66% share of the June quarter shareholding pattern in 66%. Mutual funds also bet on it and have 2.74% stake in it. LIC, the country’s largest life insurance company, holds 4.67% stake in Hindustan Copper. At the same time, the company of investors with investors up to 6.4 lakh small retail investors i.e. ₹ 2 lakhs holds 15.1% stake.
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