This PSU stock rallies 134% in one month, scales 8-year high

Hindustan Copper hit an eight-year high of Rs 128, up 10 per cent on the BSE in intra-day trade on Wednesday on the back of heavy volumes

Shares of Hindustan Copper continued their northward movement in Wednesday's session and rose 10 per cent to hit an eight-year high of Rs 128 on the BSE amid heavy volumes. The stock of state-owned copper producer was trading at its highest level since February 2013.

At 11:20 am, the stock was trading 9 per cent higher at Rs 127 on the BSE as against a 0.88 per cent rise in the S&P BSE Sensex. The trading volumes on the counter more-than-doubled with a combined 20.9 million equity shares changing hands on the NSE and BSE.

Hindustan Copper, a vertically integrated copper producer,