Hindustan Copper Shares Soar 19% on MP Copper Block Win, Strong Copper Rally
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Moneycontrol•28-01-2026, 13:44
Hindustan Copper Shares Soar 19% on MP Copper Block Win, Strong Copper Rally
- •Hindustan Copper shares surged 19% in two days after becoming the preferred bidder for the Baghwari-Khirkhori Copper block in Madhya Pradesh.
- •The company announced on January 24 that it submitted the highest final price offer in the state government's e-auction for the mining lease.
- •The stock gained over 13% on January 28, extending its rally, and is up 26% in 2026 so far.
- •The surge is also fueled by a broader rally in copper prices, with the red metal gaining 60% in 2025 and futures nearing all-time highs.
- •Copper's strong long-term fundamentals, falling dollar, and supply constraints contribute to the price rally.
Why It Matters: Hindustan Copper shares rallied significantly due to a new copper block win and rising global copper prices.
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