Hindustan Copper Jumps Over 9% as Stock Extends Gains for Third Straight Session

Hindustan Copper Limited (HCL) shares rallied sharply on September 12, 2025, climbing 9.18% to ₹271.4 on the NSE by 12:49 IST. The strong gain marks the third consecutive session of upward momentum for the state-run miner. Despite being down 13.81% over the past year, the stock has gained 12.06% in the last month, supported by steady operational performance, growth outlook, and its strategic partnership with JSW Group.

Stock Performance vs Indices

While Hindustan Copper surged 9.18% on the day, the benchmark NIFTY was up just 0.43%, quoting at 25,112.5. The Sensex also moved higher by 0.44% to 81,909.64. The Nifty Metal index, where HCL is a key constituent, rose 0.19% to 9,792.95. Over the last month, the Nifty Metal index has gained 4.98%, compared to HCL’s 12.06% rise, underscoring the stock’s relative strength.

Growth Outlook and Production Targets

HCL is maintaining its 15% volume growth guidance for FY26, driven by operational efficiency and cost management. Chairman and Managing Director Sanjiv Kumar Singh told CNBC TV18 that the company aims to produce 4 million tonnes of copper ore in FY26, with 31,000 tonnes of metal in concentrate (MIC), up from 24,000 tonnes achieved last year.

In the first quarter of FY26, HCL reported revenue of ₹516 crore, an operating margin of 41%, and a net profit of ₹134 crore. The company has also set a capital expenditure target of ₹350 crore for FY25–26, with initiatives underway to sustain strong EBITDA margins.

Demand Drivers and Market Trends

Singh highlighted that copper demand is supported by long-term structural trends, including renewable energy, electric vehicles, and artificial intelligence. The rise of AI-driven data centres has created additional demand for copper, further strengthening fundamentals despite short-term price volatility.

JSW Group Partnership

In January 2025, Hindustan Copper signed a 20-year mine developer and operator (MDO) agreement with the JSW Group, structured on a revenue-sharing model where HCL holds a 12.5% share. The company has secured environmental clearance, and a lease deed with the state government is expected soon. Pre-mining activities, including dewatering, are underway, with operations expected to start in the coming months.

Hindustan Copper Share Price Performance

On September 12, 2025, Hindustan Copper share price opened at ₹251.00, compared to the previous close of ₹248.58. During the session, the stock touched a high of ₹272.90 and a low of ₹250.99. At 12:49 pm, the stock was trading at ₹271.4, up by 9.18%.

The stock recorded a traded volume of 275.10 lakh shares and a traded value of ₹732.20 crore on the NSE. The market capitalisation stood at ₹26,090.31 crore. Over the past 52 weeks, Hindustan Copper has hit a high of ₹353.00 and a low of ₹183.82. The stock is currently trading at a P/E ratio of 49.23.

Read More: Deccan Gold Mines Share Price Rises Following Announcement of India's First Potential Nickel Copper PGE Discovery

Conclusion

Hindustan Copper’s 9.18% rally on September 12, 2025, highlights renewed investor confidence, fuelled by strong growth targets, robust quarterly results, and the upcoming mine development project with JSW Group. While the stock remains down 13.81% over the past year, its recent upward momentum and 12.06% monthly gain suggest improving sentiment in line with the broader demand outlook for copper.

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