Hindustan Copper Ltd News

Nifty, Bank Nifty PCR turns bearish; Longs added in MidCap; Shorts in RIL

Derivatives market update Oct 01: FIIs continue to hold more than 4 long positions in index futures for every short bet. Proprietary trades hold 5 shorts for every bullish bet in index futures.

These 3 NSE Metal stocks can extend gains amid China stimulus; hint charts

Hindalco, SAIL and Hindustan Copper seem to be favourably placed on the technical charts and can potentially rally up to 13 per cent from present levels; check key support and resistance levels here.

Hindustan Copper plans to increase mine production capacity to 12.2 MTPA

State-owned Hindustan Copper Ltd (HCL) is implementing expansion projects to increase mine production capacity to 12.2 million tonnes per annum (MTPA), its CMD Ghanshyam Sharma said on Thursday. The move will boost domestic production of copper and reduce dependence on imports. The company achieved ore production of 3.78 million tonnes in FY'24 against 3.35 MT in FY'23, registering a rise of 13 per cent. Speaking during the 57th Annual General Meeting, Sharma who is holding the addition charge of Chairman and Managing Director, said that the ongoing capacity expansion project i.e. development of underground mine below the existing open cast mine at Malanjkhand Copper Project (MCP) will augment the ore production capacity from 2.5 MTPA to 5 MTPA. The ore production from open cast mine has now exhausted and underground mine is operating below existing open cast mine leaving some barrier pillar. The project has achieved seamless transition from open cast to underground mine in 2023-2

F&O Cues: DIIs net long in Nifty highest in 2 months; futures premium sink

Derivatives market update for Sept 03: The Nifty September futures premium tumbled from Rs 141 on Friday to Rs 61 on Monday. DIIs added fresh longs in Nifty futures, while FIIs sold.

F&O Insights: FIIs add long bets in Sept; metals among top early rollovers

Derivative market update for Tuesday, August 27: The Nifty September futures traded at 150-odd points premium, while Bank Nifty at 330 points. Last 3 days for India Cements in F&O segment.

Hindustan Copper shares jump 6% after profits grow two-fold in Q1 earnings

Hindustan Copper's stock rose up to 5.6 per cent at Rs 319.65 a piece on the BSE in Tuesday's intraday deals

Hindustan Copper Q1 results: Net profit rises two-fold to Rs 113.40 cr

State-owned Hindustan Copper Ltd on Monday reported a two-fold rise in consolidated net profit at Rs 113.40 crore for the quarter ended June 30, 2024. The company had posted a net profit of Rs 47.28 crore in the year-ago period, Hindustan Copper said in a filing to BSE. The consolidated income of the company during the April-June period rose to Rs 500.44 crore over Rs 384.73 crore in the year-ago period, the filing said. Hindustan Copper Ltd had earlier said that it is likely to exceed its capex target of Rs 350 crore for the ongoing fiscal year. The company is continuously investing in its ongoing mine expansion plan. Hindustan Copper Ltd (HCL) is under the administrative control of the Ministry of Mines. The company has facilities for the production and marketing of copper concentrate, copper cathodes, continuous-cast copper rods, and byproducts.

Hindustan Copper may exceed capex target of Rs 350 cr this financial year

State-owned Hindustan Copper Ltd on Friday said it is likely to exceed its capex target of Rs 350 crore for the ongoing fiscal year. "Although this year's capex target is Rs 350 crore, it is expected that the company may exceed the target like last year," the company said in a filing to the BSE. The company is continuously investing in its ongoing mine expansion plan. The PSU has floated tender for the appointment of developer for Rakha mine, it said, adding that once finalised, this will make way for fresh investment. The domestic copper demand in the country will grow in line with the growth of sectors such as renewable, transportation and construction sectors. "Analysts suggest that there will be double-digit growth in these sectors in the short term. Accordingly, copper sector growth is expected to be in double digit," it said. The current per capita refined copper consumption in India is around 0.5 kg, far less than the global average of about 3.2 kg per capita, leaving a hu

Hindustan Copper Q4 results: Net profit increases 6% to Rs 124 crore

State-owned Hindustan Copper Ltd on Friday reported a 6 per cent drop in consolidated net profit to Rs 124.33 crore for the March quarter. The company had posted a consolidated net profit of Rs 132.31 crore in the year-ago period. The consolidated income during the January-March period dropped to Rs 585.22 crore over Rs 611.37 crore in the year-ago period. "The company has achieved a profit before tax of Rs 183.29 crore in the quarter ended March 2024, which is a whopping 123 per cent higher than the immediately preceding quarter," Hindustan Copper said in a statement. "The board has recommended a dividend of 30.11 per cent of PAT for 2023-2024. The payout on this account is estimated to be Rs 88.97 crore to the shareholders of the company," it said.