HINDUSTAN COPPER Share Price Up by 5%; BSE METAL Index Down 1.1%

Wed, 27 Jan 11:04 AM

HINDUSTAN COPPER share price has zoomed 5% and is presently trading at Rs 58.

Meanwhile, the BSE METAL Index is at 11,588 (down 1.1%).

Among the top Gainers in the BSE METAL Index today is HINDUSTAN COPPER (up 5.5%).

VEDANTA (down 0.6%) and JSW STEEL (down 0.9%) are among the top losers today.

Over the last one year, HINDUSTAN COPPER has moved up from Rs 45 to Rs 58, registering a gain of Rs 13 (up 29.5%).

On the other hand, the BSE METAL has moved up from 10,218 to 11,588, registering a gain of 1,370 points (up 12.0%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 52.9%), JSW STEEL (up 42.6%) and TATA STEEL (up 35.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 48,387 (down 0.8%).

The top gainers among the BSE Sensex stocks today are TECH MAHINDRA (up 1.9%), ITC (up 1.7%) and M&M (up 1.2%). Other gainers include ULTRATECH CEMENT (up 1.2%) and BAJAJ AUTO (up 1.2%). The most traded stocks in the BSE Sensex are ITC and SBI.

In the meantime, NSE Nifty is at 14,238 (down 0.7%). The top gainers in the NSE Nifty include WIPRO (up 3.5%), TECH MAHINDRA (up 2.1%) and GRASIM (up 1.9%). Other gainers include ITC (up 1.8%) and BAJAJ AUTO (up 1.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,115 to 48,387, registering a gain of 7,272 points (up 16.66%).

HINDUSTAN COPPER Financial Update...

HINDUSTAN COPPER net profit down at Rs 5 billion for the quarter ended March 2020, compared to a loss of Rs 955 million a year ago. Net Sales rose 57.4% to Rs 1.5 billion during the period as against Rs 933.0 million in January-March 2019.

For the year ended March 2019, HINDUSTAN COPPER reported 82.2% increase in net profit to Rs 1.5 billion compared to net profit of Rs 798.0 million during FY18.

Revenue of the company grew 5.6% to Rs 18 billion during FY19.

The current Price to earnings ratio of HINDUSTAN COPPER, based on rolling 12 month earnings, stands at down 9.4x.

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