Hindustan Copper shares rose 5.5% to an intraday high of Rs 319.50 on a two-fold jump in net profit in Q1 FY25. The company’s bottom line rose more than 140% on year in Q1 of FY25 to Rs 113 crore in comparison to Rs 47 reported in Q1 FY24.
The company posted a consolidated income of Rs 500.44 crore in Q1 FY25, in comparison to Rs 384.73 crore reported in the same period a year ago. Furthermore, the company announced that it anticipated to exceed its capital expenditure target of Rs 350 crore in the current fiscal year.
The company touched its 52-week high of Rs 415.80 on May 22, 2024, and a market capitalisation of more than Rs 29,000.
The stock of Hindustan Copper has given a return of more than 9% in the last five days. However, over the month, the stock erased over 5% of investors’ wealth. Shares of Hindustan Copper have risen almost 25% in the past six months. In the long-term, five years, the stock has raised investors’ money by more than 860%.
To compare, the benchmark index, Nifty 50 has fallen 0.3% in the last five days. It has over 11% in the past six months. And gave a return of almost 120% in the last five years.
Hindustan Copper is a Central Public Sector Enterprise (CPSE) under the administrative control of the Ministry of Mines, Government of India. The company was incorporated to take over all projects, schemes, and studies about the exploration and exploitation of copper deposits, including smelting and refining, from National Mineral Development Corporation (NMDC).