Hindustan Copper shares sparked a storm, jumping 15% in two sessions; why is the stock rocketing?:Participated in the state government's e-auction for Baghwari-Khirkhori copper and associated mineral blocks in MP to obtain a composite license for mining lease as well as their operation.

News Topical, Digital Desk : Shares of the state-owned company Hindustan Copper Limited are making waves in the stock market these days. In just the past two sessions, Hindustan Copper shares have surged nearly 15%. Today, Hindustan Copper shares jumped 9.4%, pushing its price to ₹615.

Why did the shares rise?

There's a reason for this surge in Hindustan Copper shares. It recently emerged as the highest bidder for a new copper block in Madhya Pradesh. This announcement has further boosted investor confidence in the company's growth prospects amid a booming global metals market.

On October 31, 2025, the company participated in the tender process held by the Mining Department of the Madhya Pradesh government to obtain permission for a mining lease and composite license. The company stated that the forward e-auction for the grant of a composite license for the Baghwari-Khirkhori copper and associated mineral blocks was successfully completed on January 22, 2026. The company received official approval on the same day. Previously, Hindustan Copper had announced plans to commence underground mining operations at the Kendadih Copper Mine located in the Ghatshila area of Jharkhand.

Hindustan Copper shares in focus

Due to all this, Hindustan Copper shares have been attracting investor attention for the past few days. Wednesday marked the third consecutive day of gains. Prior to this, on Tuesday, it had gained 5%. On Friday, Hindustan Copper shares rose 0.7% to close at ₹535.55 on the BSE, up from ₹531.80 in the previous session.

Why is the demand for copper increasing?

Amid ever-growing demand for copper in the global market, obtaining mining permission for this block represents a strategic victory for the company in securing its raw material resources. Hindustan Copper shares have surged nearly 139% in the past six months. Copper demand is also growing domestically due to supply shortages and strong industrial demand.

According to brokerage firm HDFC Securities, copper demand in India is expected to reach 3.24 million tonnes by 2030 due to growing demand in the renewable energy and technology sectors. Keeping this in mind, the company is also expanding its mining capacity.

According to HDFC Securities, the company has set a target of increasing its annual mining capacity from 4 million tonnes in FY25 to 12.2 million tonnes by FY31 and is making vigorous efforts to achieve this. Therefore, Hindustan Copper shares remain in focus as a long-term investment.