The state-owned company Hindustan Copper has recently delivered dazzling returns in the share market. Copper prices have been rising continuously in the global market for several days. Hindustan Copper has delivered returns keeping pace with this trend. The company's stock has given a 41 percent return in the last 8 trading sessions.
On Tuesday, December 30, this stock touched ₹538.40 in intraday trading. Just the day before, this stock had touched its 52-week high level (₹545.95). The 52-week low was ₹183.82.
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On Tuesday, December 30, this stock's price increased by 9.42 percent. The stock ended the day at ₹533.35. Experts report that copper prices have risen by more than 50 percent this year. This is the first time since 2009 that copper has delivered such returns. This surge in copper prices has occurred due to both massive demand growth in the industrial sector and supply shortages. This has consequently increased the company's stock price.
Along with this, Hindustan Copper's year-on-year (YoY) growth is also quite substantial. Last month, the company announced that their net profit had YoY Growth of 81 percent (₹183.79 crore). Meanwhile, the profit figure for the same period last year was ₹101.67 crore.
This stock had increased by 30.69 percent in just 1 week. It has grown 58.27 percent in 6 months. In the past 6 months, this company's stock has risen 92.55 percent. Over the past year, this stock has doubled investors' money. The stock price has increased by 107.53 percent.
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