Shares of Hindustan Copper Ltd continued their impressive rally for the fifth consecutive trading session on Wednesday, scaling a fresh 52-week peak. The stock witnessed strong momentum right from the opening bell, reflecting bullish sentiment among investors.
A Meteoric Rise in Share Price
The metal stock began the day's trading on the National Stock Exchange (NSE) with a gap-up opening at ₹418 per share. The buying intensity remained high, propelling the scrip to touch an intraday high of ₹430.50 within minutes. This marked a gain of approximately 5% during the early morning session. The current rally, which started from the ₹368.20 level observed last Wednesday, has resulted in a staggering 17% appreciation in just five days.
Why Are Investors Bullish on Hindustan Copper?
Market experts attribute this sharp upmove to a combination of global and sector-specific factors. Avinash Gorakshkar, a SEBI-registered fundamental analyst, explained that the market is factoring in the margin advantage the company is likely to gain from its existing buffer stock, thanks to a sudden spike in copper prices internationally. "This benefit is expected to boost the company's income in the upcoming quarters, leading to strong quarterly numbers," Gorakshkar stated.
The optimism extends beyond short-term gains. Sandeep Pandey, Co-founder of Basav Capital, highlighted the long-term structural demand drivers. "Hindustan Copper share price is rising due to the rising buzz in the EV and AI segment. These two segments have fueled demand for Copper," Pandey said. He elaborated that electric vehicle batteries require copper bars, while the artificial intelligence revolution needs the metal for semiconductor manufacturing. This sustained demand is expected to keep copper prices firm.
Price Targets and Investment Strategy for 2026
Analysts have outlined specific price targets and strategies for investors. For the near term, Sumeet Bagadia, Executive Director at Choice Broking, advises existing shareholders to hold the stock. He recommends keeping a stop loss at ₹408 for a short-term target of ₹450.
Looking further ahead to 2026, the outlook turns even more bullish. Sandeep Pandey tagged Hindustan Copper shares as an ideal 'buy on dips' portfolio stock for the year. He provided detailed technical levels: "The metal stock may become highly bullish after breaking above ₹475 on a closing basis. Those with a long-term perspective should hold, maintaining a stop loss at ₹385." His targets are ₹475 as an immediate goal, ₹540 as a medium-term aim, and a potential surge to ₹600 per share in 2026 itself if the stock breaks past the ₹540 mark.
Disclaimer: This article is for educational purposes only. The views and recommendations are those of individual analysts or broking firms. Investors are strongly advised to consult certified experts before making any investment decisions.
