The rally marked the stock’s seventh consecutive session of gains, bringing its total gain in the period to more than 36 percent. The company’s market capitalization briefly stood at ₹50,000 crore before reaching ₹47,176.27 crore by the end of the day.
Monday’s intraday rise was the sharpest single-day rise for Hindustan Copper since April 2010, driven by copper prices hitting record levels on the London Metal Exchange. Copper futures on the Multi Commodity Exchange of India also hit new record highs, supported by tight supplies, mining disruptions and tariff concerns.
The rally in base metals was fueled by supportive US economic data, expectations of Federal Reserve rate cuts and a weaker dollar. The US Dollar Index fell below 98 after failing to stay above 100, making dollar-denominated commodities more attractive to global buyers. Comex Copper extended its winning streak for a second straight week, rising more than 6 percent to trade near a 52-week high of $5.9.
The stock saw heavy trading activity, with a volume of 1,954.43 lakh shares and a traded value of ₹9,866.56 crore. However, the deliverable quantity was only 18.63 percent of the total traded volume, indicating significant intraday speculation.
The Nifty Metal index also hit a new 52-week high, gaining around 5 percent over eight sessions. Aluminum has broken out after a three-year period, indicating a structural upward trend in the base metals.
Published on December 29, 2025
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