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HINDUSTAN COPPER Plunges 5%; BSE METAL Index Down 2.6%
Fri, 25 Oct 12:23

HINDUSTAN COPPER Plunges 5%; BSE METAL Index Down 2.6%Image source: Ivcandy/www.istockphoto.com

HINDUSTAN COPPER share price has plunged 5% and is presently trading at Rs 276.0.

Meanwhile, the BSE METAL index is at 30,743.4 (down 2.6%).

Among the top losers in the BSE METAL index today are Hindustan Zinc (down 5.4%) and SAIL (down 4.1%).

NMDC (up 0.5%) is among the top gainers today.

Over the last one year, HINDUSTAN COPPER has moved up from Rs 141.8 to Rs 276.0, registering a gain of Rs 134.3 (up 94.7%).

On the other hand, the BSE METAL index has moved up from 22,271.2 to 30,743.4, registering a gain of 38.0% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Vedanta (up 110.8%), Hindustan Zinc (up 68.1%) and Coal India (up 50.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,321.2 (down 0.9%).

The top losers among the BSE Sensex today are Indusind Bank (down 19.4%) and M&M (down 4.9%). The most traded stocks in the BSE Sensex are Tata Steel and Indusind Bank.

In the meantime, NSE Nifty is at 24,135.5 (down 1.1%). Indusind Bank and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,321.2, registering a gain of 14,749.3 points (up 22.8%).

HINDUSTAN COPPER Financial Update...

HINDUSTAN COPPER net profit grew 139.8% YoY to Rs 1,134 million for the quarter ended June 2024, compared to a profit of Rs 473 million a year ago. Net sales rose 33.1% to Rs 4,936 million during the period as against Rs 3,709 million in April-June 2023.

For the year ended March 2024, HINDUSTAN COPPER reported 0.1% increase in net profit to Rs 2,957 million compared to net profit of Rs 2,953 million during FY23. Revenue of the company grew 2.4% to Rs 17,170 million during FY24.

The current Price to earnings ratio of HINDUSTAN COPPER, based on rolling 12 month earnings, stands at 73.8.

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