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Hindustan Copper zooms on reporting 83% rise in Q3 net profit

12 Feb 2019 Evaluate

Hindustan Copper is currently trading at Rs. 46.10, up by 2.65 points or 6.10% from its previous closing of Rs. 43.45 on the BSE.

The scrip opened at Rs. 44.90 and has touched a high and low of Rs. 46.90 and Rs. 44.60 respectively. So far 197907 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 82.10 on 19-Apr-2018 and a 52 week low of Rs. 43.00 on 11-Feb-2019.

Last one week high and low of the scrip stood at Rs. 46.90 and Rs. 43.00 respectively. The current market cap of the company is Rs. 4186.61 crore.

The promoters holding in the company stood at 76.05%, while Institutions and Non-Institutions held 14.62% and 9.33% respectively.

Hindustan Copper has reported a rise of 82.66% in its net profit at Rs 34.56 crore for the quarter ended December 31, 2018 as compared to Rs 18.92 crore for the same quarter in the previous year. Total income of the company increased by 7.18% at Rs 478.91 crore for Q3FY19 as compared Rs 446.84 crore for the corresponding quarter previous year.

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.

Peers
Company Name CMP
Hindalco Industries 942.30
Vedanta 258.90
Hindustan Zinc 565.30
Jain Resource Recycl 292.60
CMR Green Tech 225.00
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