Hindustan Copper gains after good Q4 numbers

The result was announced after market hours on Thursday, 23 May 2013.

Meanwhile, the S&P BSE Sensex was down 28.50 points, or 0.14%, to 19,645.83.

On BSE, 46,000 shares were traded in the counter as against an average daily volume of 2.28 lakh shares in the past one quarter.

The stock hit a high of Rs 101.70 and a low of Rs 99.30 so far during the day. The stock had hit a 52-week high of Rs 310.90 on 17 September 2012. The stock had hit a 52-week low of Rs 84 on 21 March 2013.

The stock had underperformed the market over the past one month till 23 May 2013, sliding 4.23% compared with the Sensex's 2.58% rise. The scrip had also underperformed the market in past one quarter, falling 21.44% as against Sensex's 1.85% rise.

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

Hindustan Copper's net profit rose 9.94% to Rs 355.64 crore on 0.02% growth in total income to Rs 1572.84 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Hindustan Copper's board of directors at a meeting held on Thursday, 23 May 2013, recommended dividend of Re 1 per share for FY 2013.

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. The GoI holds 94.01% stake in Hindustan Copper (as per the shareholding pattern as on 31 March 2013).

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