Hindustan Copper recovers after 6-day 14.6% slide

Meanwhile, the S&P BSE Sensex was up 30.41 points or 0.16% at 18,659.56.

On BSE, 84,000 shares were traded in the counter as against average daily volume of 1.94 lakh shares in the past one quarter.

The stock hit a high of Rs 74.50 and a low of Rs 70.65 so far during the day. The stock had hit a 52-week low of Rs 70.60 on Tuesday, 25 June 2013. The stock had hit a 52-week high of Rs 310.90 on 17 September 2012.

The stock had underperformed the market over the past one month till 25 June 2013, sliding 29.02% compared with the Sensex's 5.46% fall. The scrip had also underperformed the market in past one quarter, declining 23.68% as against Sensex's 0.28% fall.

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

Shares of Hindustan Copper had declined 14.65% in six trading sessions to settle at Rs 71.05 on Tuesday, 25 June 2013, from a recent high of Rs 83.25 on 17 June 2013.

Hindustan Copper's net profit surged 36.9% to Rs 188.09 crore on 29.2% decline in net sales to Rs 414.68 crore in Q4 March 2013 over Q4 March 2012.

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 Government of India holds 94.01% stake in Hindustan Copper (as per the shareholding pattern as on 31 March 2013).

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