Financial Highlights – Hindustan Copper (NSE: HINDCOPPER)

• Hindustan Copper Ltd rose 80% on Thursday, extending gains to a third straight session.
• The stock is up 36% in January, its best January since 2012, and has doubled in two months.
• Market capitalisation has climbed to nearly ₹70,000 crore.
• LME copper prices near USD 14,000 supported sentiment amid tight supply and a weak dollar.
• The stock posted the highest turnover on the Nifty 500 at over ₹6,600 crore.

Hindustan Copper (NSE: HINDCOPPER)

On 29 January 2026, Hindustan Copper Ltd extended its strong rally, rising 16.80% to trade near ₹739.80. The advance reflects firm global copper prices, supported by tight supply expectations and a weaker U.S. dollar, while aluminium prices remain near multi-year highs. Elevated trading volumes and rising retail participation underscore sustained market interest, mirroring broader strength across global base metal markets.

Hindustan Copper Shares Rally Over Two Months, Track Best January in 13 Years

The metal index extended gains for a third straight session, tracking strength in global metals amid geopolitical risks and a weaker dollar. Hindustan Copper Ltd led advances, up 36% in January and doubling in two months, lifting market capitalisation near ₹70,000 crore. Record LME copper near USD 14,000 and heavy turnover of over ₹6,600 crore on the Nifty 500 underpinned sentiment.

Technical View: HINDCOPPER Surges Past All Time High: What’s Next for Momentum?

From a technical perspective, Hindustan Copper Ltd has moved above its previous all-time high, with prices holding above the 21-period simple moving average, reflecting a firm short-term structure. After the sharp advance in the prior session, recent price action points to a phase of consolidation, suggesting momentum is stabilising at elevated levels. The 14-day RSI at 80.56 remains in overbought territory, indicating strong momentum, though follow-through may moderate. On the downside, support is placed near ₹650.00 and ₹580.00, while resistance is seen around ₹820.00 and ₹900.00.

Bottom Line:

Hindustan Copper Ltd has delivered a sharp price re-rating, driven by strength in global copper markets and strong participation. While some consolidation may emerge after the recent surge, the broader trend remains supported, keeping the stock aligned with ongoing momentum in the metals space.

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