Hindustan Copper shares surge 15% in six sessions, here is why

Shares of the country's leading copper ore producer, Hindustan Copper, rose for sixth session in a row on Friday, June 27. Hindustan Copper shares have surged as much as 15%% in the last six sessions to hit an intraday high of ₹281.20 on the BSE. The sharp surge in Hindustan Copper shares came on the back of rising copper prices in the international markets amid supply concerns.

Copper for delivery in September rose more than 3% to a high of $5.1650 per pound or $11,367 per tonne on the Comex market on Thursday as US markets attracted buyers ahead of likely tariffs, Mining.com reported.

Global investment bank Goldman Sachs expects copper hit record high in August on the back of supply concerns after record shipments were sent to US as Trump tariff proposals hiked prices there. However, the significant number of shipments to US drained other inventories, which increased global copper prices.

The ex-US copper market has tightened, causing fears of a regional copper shortage despite the global market currently being in surplus, Goldman Sachs said according to Moneycontrol.

Meanwhile, Hindustan Copper has entered into a tripartite agreement on Alankit Assignments and CB Management Services.

Hindustan Copper Q4 performance

State-owned Hindustan Copper last month reported a 51.8% increase in consolidated profit at ₹189.48 crore for the quarter ended March 31, 2025.

The company had posted consolidated profit of ₹124.75 crore in the year-ago period.

The consolidated income of the company during the fourth quarter rose to ₹777.28 crore, over ₹585.22 crore in the year-ago period, Hindustan Copper said in a regulatory filing.

The total expenses of the company during the quarter under review rose to ₹518.75 crore, over ₹401.49 crore in the year-ago period.

Hindustan Copper is a Mini-Ratna Central Public Sector Enterprise (CPSE) under the administrative control of the mines ministry. It is the only company in the country engaged in copper ore mining and holds all the operating mining leases for copper ore in the country.

The company operates copper mines at Malanjkhand (Madhya Pradesh), Khetri (Rajasthan) and Ghatsila (Jharkhand). It has facilities of a primary smelter and refinery at Ghatsila, secondary smelter and refining facilities at Jhagadia (Gujarat), and a continuous cast copper wire rod plant at Taloja (Maharashtra).

As of 9:43 am, Hindustan Copper shares traded 1.73% higher at ₹176.75, outperforming the BSE500 index which was up 0.27%.