Hindustan Copper jumps after strong Q2 earnings

Hindustan Copper rose 3.4% to Rs 69.95 at 11:25 IST on BSE after net profit surged 41.89% to Rs 62.01 crore on 16.39% growth in total income to Rs 355.76 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced after market hours on Wednesday, 13 November 2013.

Meanwhile, the S&P BSE Sensex was up 338.89 points or 1.68% at 20,533.29.

On BSE, 1.56 lakh shares were traded in the counter as against average daily volume of 3.59 lakh shares in the past one quarter.

The stock hit a high of Rs 71.40 and a low of Rs 69.65 so far during the day. The stock had hit a 52-week high of Rs 276.50 on 22 November 2012. The stock had 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 13 November 2013, advancing 2.5% compared with the Sensex's 1.63% fall. The scrip had also outperformed the market in past one quarter, jumping 9.82% as against Sensex's 5.02% rise.

The mid-cap company has 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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