Hindustan Copper shares surge over 40% in eight sessions; here is why stock is surging

Shares of Hindustan Copper, the country's leading copper producer, rose for an eighth straight session on Tuesday, December 30, amid surging prices of copper in the international and domestic markets. The company's shares have surged as much as 41% in the last eight trading sessions to hit an intraday high of ₹519.80 on Tuesday. The stock touched its record high of ₹545.95 in the previous session.

On Tuesday, the stock rose as much as 6.64% on the National Stock Exchange and on the BSE, Hindustan Copper shares advanced a much as 6.62% to hit an intraday high of ₹519.75 amid higher than usual trading volumes.

As many as 76 lakh shares changed hands on the BSE in early trading as against an average 39.68 lakh shares traded daily in the past two weeks. On the National Stock Exchange 7.15 crore shares worth ₹3,640 crore changed hands, data from the stock exchanges showed.

Meanwhile, copper futures for delivery on December 31 advanced as much as 3.99% to ₹1,249.70 per kilogram on the MCX.

So far this year, copper prices have rallied by more than 50% and are poised for their biggest annual gain since 2009, supported by rising demand from technology and energy transition sectors and tariff-related uncertainties.

Market experts noted that global copper prices have surpassed the $12,000-per-tonne mark on the LME for the first time and will continue to march higher on the bourse.

They attributed the current surge to supply challenges in major producing regions such as Chile and Indonesia, where environmental disruptions and operational issues have contributed to a tighter global market.

As per a report by global investment bank JPMorgan, copper is likely to surge to $12,500 per million tonnes in the second half of 2026 ultimately averaging $12,075/mt for the full year.

JPMorgan report stated that copper market has tightened significantly on the back of acute supply disruptions, sending prices soaring.

Hindustan Copper Q2 earnings

Hindustan Copper last month reported an 81% year-on-year (YoY) surge in its consolidated net profit (attributable to the owners of the company) to ₹183.79 crore in the 2025-26 financial year (Q2Y26).

In the same period last year, it had logged a net profit of ₹101.67 crore, it said in a regulatory filing.

Its revenue from operations advanced 38.6% YoY to ₹718.04 crore during the quarter under review, compared to ₹518.19 crore in the September quarter of the 2024-25 fiscal year (Q2FY25).