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News Topical, Digital Desk : Following a massive 7% jump in copper prices, shares of mini-ratna public sector company Hindustan Copper surged 18% to a new 52-week high in Thursday's trading session. Rising for the fourth consecutive day, Hindustan Copper share price has registered a total increase of 40% during this period. Copper price on NSE today rose to Rs 745. Trading volumes were higher than normal as copper prices in the international market rose by 6.7% to $13,967 per tonne on the London Metal Exchange. Copper prices on MCX also rose by 8.4% to a new high of Rs 1432.35 per kg.
Hindustan Copper Limited shares saw a strong rally on Thursday, January 29. The stock rose nearly 17% to trade at ₹736.9 on Thursday, following a 13% gain on Wednesday. This marks the fourth consecutive day of gains for the stock.
Hindustan Copper shares have gained nearly 36% so far in January, marking its best January performance since 2012. Previously, the company's shares gained 67% in January 2012.
Shares doubled in two months
The January rally follows a 59% surge in December 2025. The stock price has doubled in the past two months. The company's market cap, which was around ₹30,000 crore at the beginning of December, has now reached nearly ₹70,000 crore.
Copper and aluminum prices rise
A major reason for the rise in Hindustan Copper shares is the record rise in global copper prices. Three-month copper futures on the London Metal Exchange (LME) have reached $13,965 per tonne due to strong investor buying sentiment, fears of supply shortages, and a weak US dollar. Copper prices have risen by more than 12% in January. Meanwhile, aluminum prices have also reached a three-year high.
Retail investors' share increased
The number of retail investors in Hindustan Copper has also grown rapidly. The number of retail shareholders increased by more than 200,000 between the September and December quarters. By the end of December 2025, the number of retail investors had reached 831,000, up from 628,000 in September.
Retail investors' stake in the company increased from 14.55% to 15.53%.
New copper mines take years to develop, and ore quality is declining, creating an environment where even a modest increase in demand can drive prices higher, said Ross Maxwell, global strategy operations lead at VT Markets.
Additionally, the weakening of the US dollar, increased demand for real, physical assets, and heightened geopolitical tensions amid the Trump administration's volatile policies have boosted commodities overall.
Hindustan Copper: Is it a stock worth buying?
Hindustan Copper shares have benefited significantly from this surge in base metal prices, including copper. This rally, which began in 2025, has continued this year. Last year, Hindustan Copper's share price increased by 109.54% and has registered a further increase of 42% so far this month.
Commenting on the technical outlook for Hindustan Copper, Anshul Jain, Head of Research at Laxmishri, said Hindustan Copper Ltd is trading in an overbought phase, trading above the 50-day EMA by about 13 times its 14-day ATR and well away from the rising 10-week moving average.
Take care of stop loss
Jain said that a pullback from this level indicates a continuation of a strong trend, but also increases the risk of a reversion to the mean. Therefore, instead of predicting a top, he advised adopting a momentum management approach.
He suggested, "The prudent strategy here is to trail the stop loss rather than exit prematurely. A trailing stop around 700 provides a logical reference to protect profits while also allowing the trend to mature. As long as the price remains above this level, momentum remains effective. Stop losses should be actively revised daily, as any sudden violation will signal a trend termination and prompt rapid profit booking."
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