Overview
- The stock dropped as much as 10.5% to Rs 679.20 on Friday, pulling market capitalization below Rs 70,000 crore after a 45% one‑week surge.
- Shares had jumped to a 52‑week high of Rs 745 on Thursday, up about 305% from the April 2025 low and roughly 188% over six months.
- Copper prices touched records, with MCX contracts hitting a lifetime high and LME three‑month futures spiking to $14,527.50 a tonne before easing, while Shanghai futures also set new highs.
- Hindustan Copper was named the preferred bidder for the Baghwari‑Khirkhori copper block on January 22 after topping the state e‑auction’s final price offer.
- Analysts offered split views, with technical caution on overbought signals and profit‑taking advice countered by longer‑term optimism tied to electrification, EVs, grid expansion and constrained supply.