Along with gold and silver, copper prices are also rising. This metal, widely used in various industries, has also set new records in price. The increase in copper prices has helped boost Hindustan Copper Limited's stock.
The stock price has increased by about 50 percent in the last one month. Should you book profits by taking advantage of the stock growth, or hold in anticipation of further increases in the future?
Not just in the last one month, but in the last 6 months too, Hindustan Copper's stock price has increased by nearly 75 percent. This company has seen about 12 percent growth in the last one year. This stock has given 950 percent returns in the last five years.
Regarding this stock, Motilal Oswal researcher Ruchit Jain said, “This metal stock is in an uptrend. Its price has consistently increased. In the last few days, too, this stock has been traded in high volume. This shows how much interest there is among investors in buying this stock. This growth can continue up to ₹380-390.”
Another expert, Anuj Gupta, said about Hindustan Copper's stock, “There has been a significant increase in this stock in the last 2 months. Technically, this stock has a positive outlook. There is strong support between ₹300 to ₹260. This stock maintains a bullish nature. In the short and medium term, this share price can reach ₹400-450.”
According to these two experts' analysis, there may be opportunities to make more profits from this stock in the coming days.
{News Ei Samay does not provide investment advice anywhere. Investing in the share market or any field involves risk. Proper study and expert advice are recommended before that. This news is published for educational and awareness purposes.}
