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Hindustan Copper Ltd rose for a fifth straight session today. The stock is quoting at Rs 513.3, up 1% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.51% on the day, quoting at 23448.85. The Sensex is at 74923.95, up 0.53%. Hindustan Copper Ltd has dropped around 10.6% in last one month.
Meanwhile, Nifty Metal index of which Hindustan Copper Ltd is a constituent, has dropped around 1.1% in last one month and is currently quoting at 12990.35, up 1.87% on the day. The volume in the stock stood at 42.46 lakh shares today, compared to the daily average of 138 lakh shares in last one month.
The PE of the stock is 40.63 based on TTM earnings ending June 26.
Hindustan Copper Ltd is down for a fifth straight session today. The stock is quoting at Rs 482.15, down 2.02% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.65% on the day, quoting at 23269.55. The Sensex is at 74441.9, up 0.59%.Hindustan Copper Ltd has lost around 15.8% in last one month.Meanwhile, Nifty Metal index of which Hindustan Copper Ltd is a constituent, has eased around 2.52% in last one month and is currently quoting at 12669.15, up 0.83% on the day. The volume in the stock stood at 55.27 lakh shares today, compared to the daily average of 156.91 lakh shares in last one month.
The PE of the stock is 39.33 based on TTM earnings ending June 26.
Metal stocks retreated after advancing in the previous session
At 14:25 IST, the barometer index, the S&P BSE Sensex, declined 242.90 points or 0.32% to 77,226.77. The Nifty 50 index lost 61.35 points or 0.25% to 24,147.85.
In the broader market, the BSE 150 MidCap Index fell 0.13% and the BSE 250 SmallCap Index added 0.11%.
The market breadth was negative. On the BSE, 1,793 shares rose and 2,413 shares fell. A total of 232 shares were unchanged.
Buzzing Index:
The Nifty Metal index declined 0.90% to 13,420.15. The index rose 1.27% in the past trading session.
Steel Authority of India (down 3.27%), Hindustan Copper (down 3.03%), Hindalco Industries (down 2.76%), Vedanta (down 2.43%), Hindustan Zinc (down 2.36%), National Aluminium Company (down 2.33%), NMDC (down 2.11%), Lloyds Metals & Energy (down 1.74%), Jindal Stainless (down 1.16%) and JSW Steel (down 0.43%) delcined.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.41% to 6.879 compared with the previous session close of 6.851.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.5475 compared with its close of 95.4400 during the previous trading session.
MCX Gold futures for the 5 October 2026 settlement shed 0.37% to Rs 1,59,073.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 99.18.
The United States 10-year bond yield fell 0.17% to 4.656.
In the commodities market, Brent crude for the October 2026 settlement fell 43 cents or 0.49% to $87.41 a barrel.
Stocks in Spotlight:
Bajaj Finance shed 0.06%. The company said that it has raised Rs 5,000 crore through the private placement of 5 lakh secured, redeemable non-convertible debentures (NCDs), each with a face value of Rs 1 lakh.
Pine Labs rose 1.38% after a foreign brokerage initiated coverage on the fintech company with a 'Buy' rating. The brokerage highlighted Pine Labs' leadership in merchant payments and its high-margin value-added businesses. It also expects strong earnings growth.
Following strong demand from institutional investors, the government exercised the oversubscription option in full, taking the total offer size to 5.80 crore equity shares, representing 6% of Hindustan Copper paid-up equity share capital.
Of the total offer, around 58.02 lakh shares, or 10%, were reserved for retail investors, while 25,000 shares were earmarked for eligible employees. Eligible employees were permitted to bid for shares worth up to Rs 5 lakh.
At the close of bidding on 26 August 2026, the retail portion received bids for 4.21 crore shares, translating into a 725.9% subscription of the revised retail offer comprising 58.02 lakh shares. All retail bids were backed by 100% margin.
The non-retail portion had received bids for 8.91 crore shares on 25 August 2026, resulting in full subscription of the revised non-retail allocation. Of these, bids for 5.47 crore shares were backed by 100% margin, while bids for 3.44 crore shares were placed without margin. The indicative clearing price stood at Rs 532.42 per share.
Hindustan Copper is a central public sector undertaking under the administrative control of Ministry of Mines, Government of India. The principal activities of the company are exploration, exploitation, mining of copper and copper ore including beneficiation of minerals, smelting and refining. As on 31 March 2026, the Government of India held 66.14% in the company.
On a consolidated basis, the company’s adjusted net profit increased 162.47% YoY and declined 20.69% QoQ to Rs 352.37 crore in Q1 FY27. Net sales increased 81.36% YoY and fell 18.99% QoQ to Rs 936.5 crore in Q1 FY27.
At the close of trade on Wednesday, Hindustan Copper shares settled 4.38% higher at Rs 556.55 on the BSE, above the OFS clearing price.
The OFS opened for non-retail investors on Tuesday, 25 August 2026, while retail investors, eligible employees and non-retail investors opting to carry forward unallotted bids can participate on Wednesday, 26 August 2026.
The floor price for the OFS has been fixed at Rs 514 per share, implying a discount of 10.38% to the previous day's closing price of Rs 573.55 on the BSE.
Of the base offer, 2.61 crore shares have been reserved for non-retail investors and 29.01 lakh shares for retail investors. Including the oversubscription option, the non-retail portion may increase to 5.22 crore shares, while the retail allocation may rise to 58.02 lakh shares.
According to BSE data, the offer received bids for 7,70,505 shares as of 10:25 a.m IST on the first day, translating into 2% subscription of the base non-retail portion of 2.61 crore shares. Of these, bids for 3,50,505 shares were received under the 100% margin category and 4,20,000 shares under the 0% margin category. The indicative bid price stood at Rs 514.74 per share. The retail bidding window is scheduled to open on 26 August 2026.
The OFS also includes a reservation of up to 25,000 shares for eligible employees. Employees can bid for shares worth up to Rs 5 lakh under the offer.
TD Power Systems Ltd, Paras Defence and Space Technologies Ltd, Rain Industries Ltd and Data Patterns (India) Ltd are among the other losers in the BSE's 'A' group today, 25 August 2026.
Hindustan Copper Ltd tumbled 7.17% to Rs 532.45 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 17.85 lakh shares were traded on the counter so far as against the average daily volumes of 9.73 lakh shares in the past one month.
TD Power Systems Ltd crashed 5.40% to Rs 737.9. The stock was the second biggest loser in 'A' group.On the BSE, 93549 shares were traded on the counter so far as against the average daily volumes of 2.32 lakh shares in the past one month.
Paras Defence and Space Technologies Ltd lost 4.89% to Rs 1446.3. The stock was the third biggest loser in 'A' group.On the BSE, 1.58 lakh shares were traded on the counter so far as against the average daily volumes of 96679 shares in the past one month.
Rain Industries Ltd shed 4.65% to Rs 203.95. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.42 lakh shares were traded on the counter so far as against the average daily volumes of 3.44 lakh shares in the past one month.
Data Patterns (India) Ltd corrected 4.60% to Rs 4520. The stock was the fifth biggest loser in 'A' group.On the BSE, 86113 shares were traded on the counter so far as against the average daily volumes of 54644 shares in the past one month.