{"id":122082,"date":"2024-04-09T14:27:16","date_gmt":"2024-04-09T08:57:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=122082"},"modified":"2024-04-09T15:03:43","modified_gmt":"2024-04-09T09:33:43","slug":"miniratna-stock-jumps-10-5-after-copper-prices-surged-to-15-month-high","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-10-5-after-copper-prices-surged-to-15-month-high\/","title":{"rendered":"Miniratna stock jumps 10.5% after copper prices surged to 15-month high\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1797803109\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The stock of India&#8217;s only copper miner gained 10.5 percent to \u20b9366.25 per share after copper prices surged to a 15-month high.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2022152525\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:45 p.m, Hindustan Copper Ltd. shares were trading at \u20b9356 per share, up 7.4 percent on the National Stock Exchange from the previous close price. The company has a market capitalization of \u20b91,59,210 crore.&nbsp;<\/p><p>Copper prices have surged nearly 10% this year due to disruptions at major mines, threatening refined metal production at Chinese plants, which supply over half of the world&#8217;s copper. According to Bloomberg,.&nbsp;<\/p><p>Global copper prices are trading at $9,484 per tonne, nearing a 15-month high, with futures surpassing $4.27 per pound amid tightening supply and optimistic demand forecasts.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1510275691\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Supply constraints, including disruptions at major African mines like the Cobre mine in Panama and Anglo-America&#8217;s reduced copper output, have fueled a rise in copper prices by curbing refined metal production.&nbsp;<\/p><p>Moreover, an uptick in the global manufacturing sector has heightened copper demand due to its vital role in industrial applications. The Federal Reserve&#8217;s anticipated move towards looser monetary policy in 2023 has further buoyed expectations for the global economy, thus underpinning copper prices.&nbsp;<\/p><p>Hindustan Copper Limited (HCL) was formed to take over from National Mineral Development Corporation Ltd. It is the first Indian PSU and the only vertically integrated copper producing company. HCL is engaged in various processes, right from copper mining to the final stage of converting copper into saleable products.&nbsp;<\/p><p>The company operates in the Singbhum Copper Belt in Jharkhand, where copper is locally mined.&nbsp;<\/p><p>The company reported a 28 percent decrease in revenue year on year, from \u20b9557 crore in Q3FY23 to \u20b9399 crore in Q3FY24. During the same period, net profit decreased by 10 percent from \u20b980 crore to \u20b963 crore.&nbsp;<\/p><p>Hindustan Copper Ltd shares have gained 142% in the last six months and 259% in a last 12 months.<\/p><div class=\"trade-content-10\" id=\"trade-253147514\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The government holds a 66% stake in the Hindustan Copper, while LIC possesses an 8.17% stake. Additionally, Quant Smallcap Fund and SBI PSU Fund each hold stakes of 1.76% and 1.23% in the stock, respectively.&nbsp;<\/p><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2303461076\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The stock of India&#8217;s only copper miner gained 10.5 percent to \u20b9366.25 per share after copper prices surged to a 15-month high.&nbsp; At 1:45 p.m, Hindustan Copper Ltd. shares were trading at \u20b9356 per share, up 7.4 percent on the National Stock Exchange from the previous close price. The company has a market capitalization of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-122082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miniratna stock jumps 10.5% after copper prices surged to 15-month high\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The stock of India&#039;s only copper miner gained 10.5 percent to \u20b9366.25 per share after copper prices surged to a 15-month high.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-10-5-after-copper-prices-surged-to-15-month-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miniratna stock jumps 10.5% after copper prices surged to 15-month high\u00a0\" \/>\n<meta property=\"og:description\" content=\"The stock of India&#039;s only copper miner gained 10.5 percent to \u20b9366.25 per share after copper prices surged to a 15-month high.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-10-5-after-copper-prices-surged-to-15-month-high\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-09T08:57:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-09T09:33:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/Hindustan-copper-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-10-5-after-copper-prices-surged-to-15-month-high\/\",\"url\":\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-10-5-after-copper-prices-surged-to-15-month-high\/\",\"name\":\"Miniratna stock jumps 10.5% after copper prices surged to 15-month high\u00a0 - 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