Hindustan Copper Ltd. continues to be in focus for the second consecutive day due to the rally in copper prices. The stock is trading over 3% higher, after hitting a 52-week high yesterday.
The stock is up around 40 percent in the last one month. This sharp move is closely linked to the rally in copper prices, which have risen by more than 35 percent on a year-on-year basis.
Copper prices remained close to record highs in overseas markets as well, after data showed the US economy grew at its fastest pace in two years in the third quarter. this rally is supported by strong consumer spending and a rebound in exports.
Additionally, Life Insurance Corporation of India cut the stake in Hindustan Copper to 4.072%, yesterday, from 6.086% between August 2024 to December 2025.
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