Hindustan Copper share price jumped nearly 8% on Tuesday, touching its highest level in the last 15 years. The rally came as global copper prices hit a fresh all-time high, supported by strong demand and tight supply.
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Copper prices are rising due to high demand from electric vehicles, renewable energy, and infrastructure projects, especially in China and India. This positive trend has directly benefited metal stocks, including Hindustan Copper.
The stock has already delivered strong returns in recent months, making investors wonder — should they book profits or continue holding?
Market experts say that while the long-term outlook for copper remains strong, short-term profit booking cannot be ruled out after such a sharp rally. Investors with short-term gains may consider partial profit booking, while long-term investors can continue holding the stock with a stop-loss.
Shares of Hindustan Copper rose 8% to Rs 473 apiece on December 26, their highest level since November 2010, as Shanghai copper prices hit new record high on tight supply.
Hindustan Copper shares were top gainer on Nifty Metal index on December 26, which was up 0.2%.
Shares of the state-owned copper miner and producer extended rally to 21% for the week, their best since December 2023.
So far in 2025, the stock rose 89%, the biggest gainer on metals index, which rose 24% during the same period.
Copper surged to a record in Shanghai and rallied in New York, adding to substantial annual gains as investors bet on tighter global supplies in 2026, while also pricing in the impact of a weaker US dollar.
In China, prices gained 2.7% to 98,780 yuan ($14,090) a ton on the Shanghai Futures Exchange, while contracts rose 3% to hit $5.743 a pound on the Comex. For the US benchmark, that’s the highest since an unprecedented short squeeze in July. The London Metal Exchange will reopen on Monday after the Christmas break.
Growing expectations of a rate cut by the US Federal Reserve next year also supported the dollar-priced metal. Typically, lower borrowing costs boost construction and manufacturing activities, aiding copper demand.
At 10:15 am, the January copper contract was up 3.5% at Rs 1,216.05 per kilogram after hitting the record high of Rs 1,223.3 per kg. On LME, the three-month copper contract was up nearly 1% at $12,133 per tonne, after hitting a record high of $12,282 per tonne earlier in the day.
Metals have made big gains in December, rounding off a year in which trade dislocations, geopolitical uncertainties, and supply shocks have combined to shake up the industry. On the demand side, copper is expected to be a major beneficiary of the world’s energy transition, helping to make it one of biggest winners in 2025, with a gain of more than 42% in New York.
What lies ahead?
Analysts said that while profit booking couldn’t be ruled out at these levels, the company has various tailwinds that could propel the stock even higher.
“Hindustan Copper’s recent performance is largely a result of the supportive global copper price trend and the overall improvement in the metals sector. With metals prices rising and thereby contributing to margins and revenue growth for the company, the latter is seeing good investor interest and multi-session market movement. Although profit-taking is natural and healthy for the market, when certain institutional investor groups take advantage of market movements for short-term gains, the present supporting trend and earnings growth make the sector relevant,” said Siddharth Maurya, Founder & Managing Director, Vibhavangal Anukulakara Pvt. Ltd.
“Hindustan Copper has emerged as one of the more notable metal stocks in recent sessions, with its share price climbing to fresh multi-year highs as global copper prices remain firm and domestic demand momentum persists. The stock recently reached levels not seen in over a decade, with a rally that has seen gains of more than 87% in 2025, significantly outpacing broader benchmark indices. Shares have also extended weekly gains, with a notable jump of nearly 19% over a single week as copper markets strengthened on supply constraints and robust industrial demand.
“The company’s earnings performance has supported this positive trend, with consolidated net profit for the September quarter rising sharply year-on-year on higher revenues from operations. Expansion plans, coupled with capacity growth and strategic resource development, continue to underpin investor interest. However, recent stake reduction by a large institutional holder reflects profit-taking amid the rally, highlighting both confidence in long-term fundamentals and sensitivity to short-term valuation pressures. Looking ahead, ongoing strength in global metal prices and execution of expansion initiatives will remain key drivers of performance,” said Kalp Jain, Research Analyst, INVasset PMS.
India’s copper demand is projected to increase significantly, reaching 3.24 million tonnes by 2030 across conventional sectors, with construction, industry, and electricity primarily driving copper use. As India’s demand for critical minerals grows in the renewable-energy and technology sectors, Hindustan Copper continues to be central to the country’s mineral security and long-term resource planning. The company’s ongoing modernisation, expansion of mining capacity, and focus on sustainable extraction position it as a pivotal player in strengthening India’s copper ecosystem, said HDFC Securities last month.
“Hindustan Copper presents a highly attractive long-term investment proposition, underpinned by its ambitious plans to triple mining capacity from 4 million tonnes per annum in FY25 to 12.2 million tonnes by FY31 through strategic capital investment and resource acquisition,” the domestic brokerage had said.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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