Hindustan Copper shares surge 13%, hit fresh record high; here is why

Hindustan Copper shares rose as much as 13% to hit a fresh record high of ₹635.80 on the National Stock Exchange on Wednesday, January 28. On the BSE, Hindustan Copper shares advanced as much as 12.93% amid higher than usual trading volumes.

Hindustan Copper shares were witnessing heavier than usual trading activity. As many as 89.58 lakh shares changed hands on the BSE compared with an average of 33.66 lakh shares traded daily in the past two weeks.

The stock has been witnessing strong buying interest for quite some time now as the stock has become a proxy to surging copper and other precious and industrial metal prices in the domestic as well as domestic markets. Hindustan Copper shares have surged a whopping 157% from January last year, data from BSE showed.

Demand for copper has been rising rapidly because it is an essential commodity for manufacturing electric vehicles, solar cell panels and power grids. Coper is also essential for powering AI intensive data centres.

An electric vehicle uses 3–4 times more copper than a conventional internal combustion engine car. Similarly, renewable energy installations and grid upgrades require massive copper-intensive wiring. As countries accelerate energy transition targets and invest in AI-led infrastructure, copper demand has been rising faster than it was anticipated earlier, analysts noted.

Meanwhile, Hindustan Copper informed exchanges last week that it emerged as the preferred bidder against tender for grant of mining lease and composite licence for Government of Madhya Pradesh.

"It is informed that Hindustan Copper Ltd (HCL) had participated in Notice Inviting Tender (NIT) dated 31.10.2025 for ‘Grant of Mining Lease and Composite Licence for Government of Madhya Pradesh’ issued by Directorate of Geology and Mining MP, Government of Madhya Pradesh. The forward e-auction for the grant of Composite Licence for Baghwari Khirkhori Copper and Associated Mineral Block was successfully concluded on 22.01.2026 (communication received today). Since, HCL had submitted the highest final price offer, it has been declared as the Preferred Bidder for this auction," Hindustan Copper said in a regulatory filing.

As of 12:41 pm, Hindustan Copper shares traded 12.36% higher at ₹631, outperforming the NIFTY Smallcap 100 index which was up 1.8%.