HINDCOPPER.NS Stock Today: January 29 Record High on Copper Rally; MP Mining Bid
Hindustan Copper share price jumped about 12.7% to ₹633.4, after touching an intraday record of ₹643.0 on January 28. The NSE ticker HINDCOPPER.NS rallied on rising copper demand bets from EVs, renewables and AI data centers. Gains were reinforced after the firm emerged preferred bidder for the Baghwari Khirkhori copper block in Madhya Pradesh. Volume spiked nearly 4 times the 1-month average, signaling strong participation. We break down what moved the stock, the technical setup, valuation, and the key risks to watch.
Record high with heavy participation
The stock closed at ₹633.4, up ₹71.25 or 12.67%, after trading between ₹564.25 and a new high of ₹643.0. Market cap stands near ₹61,251 crore. Hindustan Copper share price is now up 21.19% YTD and 178% over one year. It also trades far above its 50-DMA ₹438.42 and 200-DMA ₹313.49, highlighting a strong uptrend.
Turnover spiked with 10.83 crore shares traded versus a 2.80 crore average, roughly 3.9x. OBV is rising and ADX at 54.6 indicates a strong trend. Investor interest followed sector tailwinds and company updates, as reported by Upstox. Hindustan Copper share price momentum has broadened, reflecting institutional and retail buying.
What is fueling the move
Global electrification remains a key driver. EVs use more copper per vehicle, solar and wind add sizeable grid needs, and AI data centers require robust power infrastructure. These themes support medium-term demand expectations. Hindustan Copper share price is riding this narrative, with investors pricing in higher realisations and capacity utilisation, while awaiting more clarity from upcoming results and management commentary.
HCL was declared the preferred bidder for a composite licence for the Baghwari Khirkhori copper block in Madhya Pradesh. A composite licence combines prospecting with potential mining on successful discovery, subject to approvals. This adds growth optionality to the resource pipeline, as noted by Business Standard. If progressed, it could aid volumes over time, supporting Hindustan Copper share price.
Valuation and risks to consider
At ₹633.4, the stock trades at 107.4x TTM earnings and about 20.7x book, with a 0.23% dividend yield. The earnings yield is near 0.92%. These rich multiples imply high growth expectations and leave little room for execution misses. Hindustan Copper share price could stay volatile if copper prices cool or timelines for new projects stretch.
Q3 FY26 results are scheduled for February 6. Balance sheet quality looks sound with debt-to-equity near 0.05 and interest coverage around 135x. Current ratio is 1.37. Our system grade is B with a HOLD suggestion. Investors should match position size to risk tolerance and reassess Hindustan Copper share price after results and any guidance updates.
Technical setup and levels to watch
RSI at 79.4 and MFI at 95.4 indicate overbought conditions. Price is above the Bollinger upper band near ₹599.7, which often precedes pauses or pullbacks. ATR at 24.1 points to elevated volatility. While momentum is strong, traders may prefer disciplined entries on dips to manage risk as Hindustan Copper share price consolidates.
Immediate resistance is the intraday high near ₹643. Initial support sits around ₹600, then ₹569-572, near the day’s open and prior close zone. The 50-DMA at ₹438.4 is a much deeper support in a sharp correction. Trend strength remains high, yet trailing stops can help protect gains in Hindustan Copper share price.
Final Thoughts
Hindustan Copper delivered a breakout to fresh highs on outsized volume, powered by a bullish copper narrative and the Madhya Pradesh composite licence win that adds growth optionality. Momentum is strong, yet valuations are demanding and technicals are overbought. Actionable takeaway: consider staggered entries on pullbacks toward support, use stop-losses, and track copper prices, order inflows, and project milestones. The February 6 earnings will be key for costs, realisations, and expansion visibility. A balanced approach can help participate in upside while protecting capital if sentiment cools around Hindustan Copper share price.
FAQs
Why did Hindustan Copper shares surge today?
A sharp move in copper-linked themes like EVs, renewables, and data centers boosted sentiment. Volume jumped nearly 4x the average as the stock hit a record high. The company was also named preferred bidder for a composite licence in Madhya Pradesh, adding growth optionality and supporting the rally.
Is the rally in Hindustan Copper sustainable?
Sustainability depends on copper prices, project execution, and cost control. Technicals are strong, but overbought. Valuation at over 100x TTM earnings prices in high growth. Watch the February 6 results for clarity on margins, guidance, and timelines that can validate or challenge the current pricing.
What key levels should traders watch?
Immediate resistance is near ₹643. Supports are around ₹600 and ₹569-572. The 50-DMA at ₹438.4 is a deeper cushion if sentiment reverses. Use ATR-based stops given higher volatility and monitor volume on dips to gauge whether pullbacks are being bought or sold.
When is Hindustan Copper’s next earnings release?
The company is scheduled to report on February 6, 2026. Investors should look for updates on realisations, costs, ore grades, expansion progress, and any colour on the Madhya Pradesh composite licence. Post-results, reassess positioning based on revised estimates and management guidance.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
