Hindustan Copper is currently trading at Rs. 70.20, up by 3.45 points or 5.17% from its previous closing of Rs. 66.75 on the BSE.
The scrip opened at Rs. 68.80 and has touched a high and low of Rs. 71.85 and Rs. 68.05 respectively. So far 1555598 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 73.60 on 22-Aug-2016 and a 52 week low of Rs. 42.30 on 24-May-2016.
Last one week high and low of the scrip stood at Rs. 71.85 and Rs. 63.10 respectively. The current market cap of the company is Rs. 6545.92 crore.
The promoters holding in the company stood at 82.88%, while Institutions and Non-Institutions held 13.41% and 3.70% respectively.
Hindustan Copper has received an approval on fund raising plan. The board of directors at its meeting held on May 17, 2017 approved for the same.
The board has recommended issues of fresh equity shares through Further Public Offer (FPO) or Institutional Placement Programme (IIP) or Qualified Institutional Placement (QIP) or a combination of the routes as per extend guidelines, to a extend of 9.25 crore equity shares (10% of existing paid up equity capital).
Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.
