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Hindustan Copper is currently trading at Rs 230.15, up by 3.35 points or 1.48% from its previous closing of Rs 226.80 on the BSE.
The scrip opened at Rs 227.00 and has touched a high and low of Rs 234.90 and Rs 224.55 respectively. So far 38018 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 485.40 on 06-Oct-2010 and a 52 week low of Rs 206.25 on 19-Aug-2011.
Last one week high and low of the scrip stood at Rs 239.70 and Rs 206.25 respectively. The current market cap of the company is Rs 20983.94 crore.
The promoters holding in the company stood at 99.59% while Institutions and Non-Institutions held 0.05% and 0.36% respectively.
State-run Hindustan Copper is likely to forge a technical tie-up with Chile’s government-owned copper producer Codelco for the development of its Malanjkhand mine in Madhya Pradesh. Codelco is going for underground mining in Chuquicamata open mine.
Recently both the companies had a discussion in Chile. Codelco has a very good technical and technological know-how in copper sector, even better than those in Australia and Canada. Codelco is mining low-grade ore, and India has also a number of small low-grade prospects, adding that a technological cooperation may help the company to develop these low-grade prospects into economically viable ventures.
HCL has asked Codelco to send the information. On receipt of information from potential miners, further action will be initiated by HCL. Malanjkhand copper deposit is the single largest in India with nearly 70% of the country’s reserves. It contributes around 80% to HCL’s total production.
Copper is mined in Malanjkhand project, established in 1982, through open pit process at present.
| Company Name | CMP |
|---|---|
| Hindalco | 709.95 |
| Vedanta | 458.70 |
| Hindustan Zinc | 716.70 |
| Gravita India | 1138.80 |
| Ram Ratna Wires | 366.50 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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