Yes Bank, PI Industries, MRF, Swiggy, Biocon, NMDC, Tube Investments of India, Vishal Mega Mart, Voltas and Max Financial Services from the Midcap 100 index hitting their respective 52-week lows.
ONGC struck gas at its first Mahanadi Basin well, MN-DW18-1-H-D, at a depth of 1,441-1,452 metres, around 43 km off Konark.
In just over five months of FY27, the government has raised Rs 557.6 crore from the stake sales in PSUs, meeting 70 per cent of its Rs 80,000 crore target.
According to a Bloomberg report, copper prices rose for a fourth day on the London Metal Exchange (LME), touching an all-time peak of $14,617 a ton. The industrial metal is up 17 per cent this year.
The gains in base metals have powered several metal stocks like Hindustan Copper and NALCO, which rose 112 per cent and 77 per cent in a year.
In the Hindustan Copper OFS, the government is selling over 5.80 crore shares or up to 6 per cent (including a 3 per cent green shoe option) at a floor price of ₹514 apiece.
Stocks to watch today: The offer for sale (OFS) by Hindustan Copper will open for retail investors today following an overwhelming demand seen on the first day.
Institutional investors on Tuesday oversubscribed Hindustan Copper share sale by putting in bids worth over Rs 4,600 crore. As against the 2.61 crore shares reserved for them, institutional investors put in bids for over 8.91 crore shares, oversubscribing the issue 3.41 times. At an indicative price of Rs 520.35 per share, the bids are valued at over Rs 4,600 crore. The government is selling over 5.80 crore shares or up to 6 per cent (including 3 per cent green shoe option) stake in Hindustan Copper through a two-day Offer-for-Sale (OFS) at a floor price of Rs 514 apiece. The OFS willl open for retail buyers on Wednesday. The floor price was set at a 10.38 per cent discount over Monday's closing share price. "The government has decided to exercise the entire green shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X. On Tuesday, Hindustan Copper shares fell 7.04 per cent to Rs 533.20 apiece on BSE. The government currently
Hindustan Copper OFS: The government has fixed the floor price of ₹514 a share, implying a discount of 10.4 per cent from the previous close of ₹574.15 on the NSE.
Stocks to watch today: Hindustan Copper OFS will be launched by the government today, while TCS has signed an agreement with Porsche.
LME copper spot price is currently trading near its all-time high of $14,594/t, reached on 17 Aug 2026. At the current level of $14,113/t, spot copper price is up 46.3 per cent Y-o-Y on the LME.
State-owned Hindustan Copper Ltd (HCL) on Tuesday said it is planning capital investment of over Rs 7,000 crore over the next five to six years, as part of an expansion drive that includes exploration, mine revivals and strategic partnerships. In a regulatory filing, the company said it has taken several strategic initiatives in the copper and critical minerals segment, and has lined up capital investment of over Rs 7,000 crore planned in the next 56 years. The development assumes significance in the wake of the country's rising copper demand, driven by infrastructure expansion, renewable energy, electric mobility and other clean-energy applications. The company, in a regulatory filing, said it has added 135.52 million tonnes of copper ore reserves and resources in the past three years, underlining a steady improvement in its resource base. HCL said it is actively pursuing the acquisition of new copper deposits both within India and overseas. A key focus of the plan is the reopenin
State-owned Hindustan Copper Ltd on Monday reported a 162.4 per cent surge in consolidated net profit at Rs 352.37 crore for the quarter ended June 30, 2026, on the back of higher revenues. The company had posted a consolidated net profit of Rs 134.25 crore in the year-ago period, Hindustan Copper said in a filing to the BSE. The revenue from operations during April-June quarter rose 81.3 per cent to Rs 936.50 crore over Rs 516.37 crore in the year-ago period, the filing said. The total expenses during the first quarter increased to Rs 481.83 crore over Rs 347.29 crore in the corresponding quarter of the previous fiscal, the filing said. Hindustan Copper Limited (HCL), is a Mini-Ratna Central Public Sector Enterprise under the mines ministry. It is the only company in India which is engaged in copper ore mining and holds all the operating mining leases for copper ore in the country. The company's current focus lies on exploration, mining, and beneficiation of copper ore to produce
Q1FY27 company results: Firms including Bharat Forge, Amara Raja Energy & Mobility, Info Edge (India), KEC International, and KPR Mill are also to release their April-June earnings today
Vodafone Idea, Bosch, Amara Raja Energy & Mobility, Hindustan Copper, Bharat Forge among firms to report Q1FY27 result today.
The state-run miner has appointed transaction advisers for its proposed acquisition of four copper mines in Chile, with due diligence under way amid regulatory processes
The Nifty Metal index surged 2.5% led by Hindalco, NALCO and Hindustan Copper as aluminium prices rose over 5% from recent lows in July.
A sell-off in precious metals, especially Silver, owing to strength in the US dollar and hawkish US Federal Reserve stance, triggered selling pressure in metal stocks on Thursday, say analysts.
In the past six trading days, the Nifty Metal index has underperformed the market by falling 6 per cent, as compared to 0.4 per cent decline in the Nifty 50.
Hindustan Copper share price today: Hindustan Copper, a central public sector enterprise under the administrative control of the Ministry of Mines, has recommended a final dividend of ₹1.86 per share.