What is the future of Hindustan Copper?

HCL expects that copper concentrate, rather than refined copper products, will be its primary product in the future. The company is in the process of expanding its mining capacities from approximately 3.97 MTPA as of March 31, 2020, to 12.20 MTPA in Phase-I and subsequently to 20.20 MTPA in Phase-II.

Is Hindustan Copper a good buy today?

The outlook on the long-term rating is Stable. Further, ICRA Ltd vide its letter No. ICRA/Hindustan Copper Limited/29102021/2 dated 29.10. 2021 (received today) has reaffirmed the short-term rating at [ICRA]A1+ (pronounced ICRA A one plus).

What is the target of Hindustan Copper share?

Rs 140
Hindustan Copper share price: Buy Hindustan Copper, target price Rs 140: Yes Securities – The Economic Times.

Who is buying Hindustan Copper Limited?

Mining giant Vedanta Group will look to bid for buying the government’s stake in Hindustan Copper Ltd as when the state-owned firm is put up for privatisation, its billionaire founder Anil Agarwal has said.

Why is Hind Copper going down?

According to experts, this selloff in the copper stocks is because of the copper price falling to its two month low. This copper price crash is triggered by the Chinese announcement to use its copper reserves instead of importing copper from the global merchandize.

Why is Hindustan Copper down today?

At NSE (1:06 PM), Hindalco Industries share price was down 2.7 per cent, Hindustan Copper share price was down 3.32 per cent while Vedanta share price was 2.25 per cent lower from its yesterday close. According to experts, this selloff in the copper stocks is because of the copper price falling to its two month low.

What are the best copper stocks to buy in India?

List of Top 18 Copper Companies in India

Will Vedanta buy Hindustan Copper?

Hindustan Copper rejects reports of Vedanta eyeing govt stake in company. State-owned Hindustan Copper Ltd clarified on the divestment buzz that Vedanta is looking to buy government’s stake in the company, saying the reports appear factually incorrect.

Will copper prices go up in 2021?

(23 May 2021) Copper prices reached an all-time high of $10,512 per metric ton on May 9, marking a 130\% growth since March 22, 2020. The consensus forecast from three leading sources (IMF, World Bank, and the Australian Government) for 2021 is $8,357.

Is Hindustan Copper Ltd a good stock to buy?

If you are looking for stocks with good return, Hindustan Copper Ltd. can be a profitable investment option. Hindustan Copper Ltd. quote is equal to 117.450 INR at 2021-09-07. Based on our forecasts, a long-term increase is expected, the “Hindustan Copper Ltd” stock price prognosis for 2026-08-31 is 181.133 INR.

Which is the only operating copper ore producing company in India?

Hindustan Copper Ltd is the only operating copper ore producing mining company in India.

What are the main activities of the Indian Copper Limited?

They are also the only vertically integrated producer of primary refined copper in India.Their 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.