Hindustan Copper declines after weak Q1 results

Hindustan Copper fell 1.65% to Rs 62.40 at 13:11 IST on BSE after net profit fell 61.32% to Rs 18.57 crore on 26.91% fall in total income to Rs 245.75 crore in Q1 June 2013 over Q1 June 2012.

The company announced Q1 result after market hours on Monday, 12 August 2013.

Meanwhile, the BSE Sensex was up 188.14 points, or 0.99%, to 19,135.12

On BSE, 5.40 lakh shares were traded in the counter compared with average volume of 2.57 lakh shares in the past one quarter.

The stock hit a high of Rs 64.30 and a low of Rs 61 so far during the day. The stock hit a 52-week high of Rs 310.90 on 17 September 2012. The stock hit a 52-week low of Rs 42.50 on 6 August 2013.

The stock had outperformed the market over the past one month till 12 August 2013, falling 4.51% compared with the Sensex's 5.07% decline. The scrip had. however, outperformed the market in past one quarter, slumping 42.97% as against Sensex's 5.84% fall.

The large-cap company has an equity capital of Rs 462.61 crore. Face value per share is Rs 5.

Hindustan Copper has the distinction of being India's only vertically integrated copper producing company encompassing mining, beneficiation, smelting, refining and casting of refined copper metal.

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