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Hindustan Copper turns soft after weak Q1 numbers

Capital Market 

The copper miner's consolidated net profit fell 39.9% to Rs 21.19 crore on 27.2% decline in net sales to Rs 304.07 crore in Q1 June 2019 over Q1 June 2018.

Shares of Hindustan Copper fell 3.35% to Rs 31.75. The result was announced on Saturday, 10 August 2019.

Meanwhile, S&P BSE Sensex was down 48.42 points or 0.13% at 37,533.49.

On BSE, 33,000 shares were traded in Hindustan Copper counter, compared to a 2-week average of 73,000 shares. The stock hit an intraday high of Rs 32.40 and an intraday low of Rs 31.60.

Hindustan Copper is engaged in exploration, exploitation, mining of copper and copper ore, including beneficiation of minerals, smelting and refining.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 13 2019. 10:59 IST
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