Overview
- Shares jumped to an intraday lifetime high of Rs 545.95 on Dec 29 and gains carried into Dec 30, marking an eight-session winning streak.
- The advance tracked copper’s fresh peaks on the LME near $13,000 a tonne and new highs on MCX after a strong year for the metal.
- Market capitalization approached ₹50,000 crore on heavy turnover, with the Government of India owning roughly 66% of the company.
- Quarterly results added support, with net profit up 81% year on year and revenue rising nearly 39% in the September quarter.
- Technical indicators signaled overbought conditions with RSI around 80, and a brief Dec 30 pullback spurred calls to book profits or buy on dips.