Overview

• Hindustan Copper share price has surged 43% in September 2025, nearing its 52-week high of Rs. 353.

• Global copper supply disruptions and rising demand have fueled strong price momentum for the stock.

• Lease renewal for the Rakha mine and the MoU with Oil India support the long-term growth outlook for HCL shares.

Hindustan Copper (HCL) share price rose nearly 7% to Rs. 330 apiece, extending its winning streak to the fifth straight trading day at press time. The state-owned copper producer has inched closer to its 52-week high of Rs. 353 with this hike. 

It is supported by the global rally in copper prices amid tightening supply conditions. Here is the Hindustan Copper share price analysis in detail based on Moneycontrol market data.

Hindustan Copper Share Price Performance

Hindustan Copper share price stood at Rs. 326, reflecting a 5.6% gain from the previous day’s close of Rs. 308.71 in intraday trade. The stock opened at Rs. 315.75 and touched an intraday high of Rs. 330 before retracing slightly. Strong trading volumes also highlighted good investor participation, with nearly 42 million shares exchanged worth Rs. 1,37,066 lakh.

Hindustan Copper share price chart on TradingView shows gains of 5.19% as of 1.26 PM:

The company’s current market capitalization is at Rs. 31,558 crore, with a price-to-earnings (P/E) ratio of 64.88, broadly in line with the sector average of 65.04. Hindustan Copper’s price-to-book value ratio is elevated at 13.11, reflecting heightened investor confidence. The stock also offers a minimal dividend yield of 0.45%, backed by a book value per share of Rs. 24.90.

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Copper Prices Hit Multi-Month Highs

The sharp rise in Hindustan Copper stock price is closely linked to developments in the global copper market. Benchmark three-month copper contracts on the London Metal Exchange (LME) surged nearly 4% to $10,400 per metric ton, a 15-month high. The rally followed Freeport-McMoRan’s announcement of force majeure at its Grasberg mine in Indonesia, the world’s second-largest copper source.

The disruption, caused by a deadly mudflow incident earlier this month, has raised concerns about tightening global supply. Grasberg alone accounts for about 3% of worldwide copper output. The company also revised its guidance, expecting third-quarter copper sales to fall 4% short of forecasts, while gold output could be 6% lower.

At the same time, copper demand is growing, driven by the global clean-energy transition and increasing adoption of AI-driven technologies. The latest supply shocks have therefore created a perfect storm, pushing prices closer to their all-time high of $11,104.50 reached in May 2024.

Rakha Copper Mine lease and Oil India MoU

Hindustan Copper's share price has also benefited from positive domestic triggers. In September, the company secured the renewal of its Rakha Copper Mine lease in Jamshedpur for another 20 years, as reported by HDFC Sky.

HCL also signed an MoU with Oil India to jointly explore and develop critical minerals such as copper. The agreement aligns with the government’s National Critical Minerals Mission.  The initiative is designed to cut down import dependence and secure important raw materials for India’s industrial and energy needs.

Hindustan Copper Delivers 43% Monthly Gain

So far in September, Hindustan Copper’s share price has surged 43%, making it one of the top-performing PSU stocks this month. If the momentum continues, this would mark the company’s biggest monthly rally since December 2023, when the stock delivered a stellar 58% gain.

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Market Outlook

Hindustan Copper's share price appears well-positioned with copper prices climbing on supply fears and demand prospects strengthening. The combination of supportive global commodity trends, favourable government policy, and company-specific growth initiatives has fueled strong investor confidence. While valuations remain elevated, traders and long-term investors alike are keeping a close watch as the stock approaches its 52-week high of Rs. 353.

FAQs

1. Why is Hindustan Copper share price rising today?

Hindustan Copper’s rally is being fueled by a combination of global and domestic factors. Copper prices surged globally due to supply disruptions at major mines, while domestically, Hindustan Copper renewed its Rakha mine lease and signed an MoU with Oil India, boosting investor confidence and driving stock momentum.

2. How are global copper prices affecting Hindustan Copper stock?

Global copper prices have surged to a 15-month high of $10,400 per metric ton due to production disruptions at Freeport-McMoRan’s Grasberg mine in Indonesia. Since Hindustan Copper is India’s only vertically integrated copper producer, rising global copper prices directly enhance its revenue potential and investor sentiment.

3. What role does the Rakha Copper Mine lease renewal play in Hindustan Copper’s growth?

The 20-year renewal of the Rakha Copper Mine lease in Jamshedpur is a key long-term growth driver for Hindustan Copper. It ensures continuity of mining operations, enables expansion opportunities, and supports India’s critical minerals strategy, providing a strong foundation for revenue growth in the coming decades.

4. Is Hindustan Copper overvalued at current levels?

At a P/E ratio of 64.88 and a P/B ratio of 13.11, Hindustan Copper is trading at elevated valuations compared to historical averages. However, investor enthusiasm remains high due to global copper demand, supply constraints, and the company’s strategic initiatives, making it attractive despite premium pricing.

5. Can Hindustan Copper stock sustain this rally in the coming months?

Sustaining the rally will depend on copper price trends, global supply stability, and the execution of the company’s domestic projects. With demand from clean energy, EVs, and AI-driven technologies rising, Hindustan Copper has strong tailwinds, but market corrections and commodity price volatility could influence near-term performance.