Why did HINDCOPPER.BO stock drop sharply on 02 Feb 2026?

The stock fell **19.55%** on heavy volume driven by profit-taking into earnings, overbought technicals (RSI 79.28) and sector pressure from volatile copper prices. High relative volume suggests concentrated selling ahead of the 06 Feb 2026 results.

What are key support and resistance levels for HINDCOPPER.BO stock?

Near-term support is **INR 581.65** (day low) and the 50‑day average at **INR 446.04**. Immediate resistance is **INR 638.35** and the recent year high **INR 759.20**. Watch volume for conviction on breaks.

How does Meyka AI view HINDCOPPER.BO stock’s outlook?

Meyka AI gives HINDCOPPER.BO a **66.68/100 (Grade B, HOLD)**. The model projects a yearly level of **INR 400.90**, implying downside if earnings miss. This grade factors valuation, sector performance and forecasts; forecasts are not guarantees.

Are fundamentals strong enough to justify the current valuation?

Fundamentals show healthy margins and low leverage (debt/equity 0.05), but stretched multiples (PE 117.36, PB 22.37) require continued profit growth. Valuation premium increases sensitivity to earnings misses.

IN Stocks

HINDCOPPER.BO Hindustan Copper BSE down 19.55% at 610.75 INR 02/02/2026: support

ByHuzaifa Zahoor February 2, 2026February 2, 2026

The HINDCOPPER.BO stock closed the market down 19.55%, falling to INR 610.75 on 02 Feb 2026 as traders reacted ahead of the company’s earnings window and heavy intraday selling. Volume surged to 7,498,089 shares versus an average of 2,978,399, giving a relative volume of 4.85 and signalling outsized flows. The move ended at the BSE close and left intraday support near INR 581.65 and resistance at INR 638.35. In this report we review drivers, valuations, technicals and Meyka AI’s grade and forecast to outline near-term levels for Hindustan Copper Limited (HINDCOPPER.BO) on the BSE in India.