Hindustan Copper Shares Surge 7% on Strong Q2 Profit Jump

HINDCOPPER Hindustan Copper rallied sharply on Thursday after the company posted a robust 179% year-on-year surge in standalone net profit for the September quarter of ***** stock opened at Rs 463.05 on the BSE and climbed as much as 7.07% to an intra-day high of Rs 467.35, against the previous close of Rs 436.45. The gains briefly added nearly Rs 2,945 crore to the company’s market capitalisation, which stood at around Rs 43,584 crore. By mid-morning, the stock had pared some of its early advances and was trading about 4% ***** Copper reported a net profit of Rs 519.54 crore for Q2 FY27, up from Rs 186.02 crore in the year-ago period. Revenue from operations rose 64% to Rs 1,175.24 crore from Rs 718.04 crore. Profit before tax jumped 180% to Rs 695.43 ***** company attributed the strong performance to higher sales volumes and elevated metal prices, supported by operational efficiencies. Global copper prices had hit record levels on the London Metal Exchange in September, remaining firm through October.