34% rise in a year! Why Hindustan Copper shares are rising 6% today? Check target, stop loss, returns
Hindustan Copper shares jumped over 6% in Thursday's trading session after the company reported strong set of numbers during the July-September quarter for the financial year 2026-27.
Hindustan Copper share price opened at ₹474 apiece on NSE today, as compared to previous close of ₹436.35 on Wednesday and touched an intraday high of ₹466.80 on 12 November.
The company posted a significant improvement in its financial performance, with consolidated net profit soaring 180% year-on-year (YoY) to ₹520 crore in Q2 FY27, compared with ₹186 crore in the corresponding quarter of the previous year.
Revenue from operations climbed 64% to ₹1,175 crore from ₹718 crore in the year-ago period, indicating robust growth in its business operations.
EBITDA surged 149% YoY to ₹703 crore, comfortably exceeding Anand Rathi's estimate of ₹572 crore. The EBITDA margin also expanded substantially to 59.8% from 39.3% in the corresponding quarter last year, marking the highest margin reported by the company.
The sharp improvement in operating profitability, along with strong revenue growth, contributed to the substantial increase in the company's bottom line.
Hindustan Copper shares have delivered strong returns over the longer term, gaining 6.32% in the past week and 34% over the last one year. The stock has surged 203% over three years and 257.47% over five years, highlighting its strong long-term performance.
However, the stock has witnessed some recent weakness, declining 3.32% over the past month and 13.07% year-to-date in 2026.
According to Mahesh M Ojha, VP Research & Business Development at Kantilal Chhaganlal Securities, Hindustan Copper shares are witnessing profit booking at higher levels and are currently consolidating in the ₹440–448 zone.
“Traders should maintain a strict stop loss below ₹424 to manage downside risk. On the upside, the stock faces resistance in the ₹465–480 range. A sustained move above the consolidation zone could support further upside momentum towards these resistance levels,” Ojha said.
Meanwhile, Gaurav Garg, Head - Research, Lemonn, said that the stock has staged a recovery from the ₹395–400 region and is now approaching a crucial resistance band of ₹454–466. This zone represents a significant hurdle as it overlaps with the broader falling trendline.
On the technical outlook, Garg added that a decisive breakout above ₹466 with sustained buying interest could improve the technical structure and pave the way towards ₹480. On the downside, ₹450–445 is the immediate support area, followed by ₹440. A sustained breach of ₹440 could revive selling pressure and expose the stock to ₹420. Despite the encouraging earnings performance and long-term industry prospects, fluctuations in global copper prices remain a key risk to future profitability.
“We recommend holding existing positions while fresh investors should wait for a confirmed breakout above ₹466 or look for opportunities near support levels instead of entering aggressively at current prices. The sustainability of earnings growth and execution of expansion projects will determine whether the stock can maintain its recovery and generate further upside,” said Garg.
Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.
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HomeMarketsStock Markets34% rise in a year! Why Hindustan Copper shares are rising 6% today? Check target, stop loss, returns
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