Hindustan Copper shares rally 19% in two days as firm becomes preferred bidder for MP copper block

Hindustan Copper share price

• Hindustan Copper shares jumped over 13 percent, extending a three-day rally
• Stock surged after being named top bidder for a copper block in Madhya Pradesh
• Copper prices rally and supply constraints boost investor interest in the sector

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The shares of Hindustan Copper jumped more than 13 percent in trade on January 28, extending sharp gains for the third consecutive session. The stock has gained around 21 percent in 2026 so far.

The sharp surge in the shares of the Vedanta Group-company comes amid the rally in copper prices, after the red metal gained 60 percent in 2025.

Why Hindustan Copper prices are rising today?

The latest surge in the stock also comes after the company announced on January 24 that it has emerged as the preferred bidder for Baghwari-Khirkhori Copper and associated mineral block in Madhya Pradesh.

The company had participated in the state government’s e-auction for the grant of mining lease and composite license for the said block. “Since, HCL had submitted the highest final price offer, it has been declared as the Preferred Bidder for this auction,” it said.

After the announcement, the shares of the company surged around 5 percent on January 27. The stock has now gained nearly 19 percent in just two sessions since the announcement.

Copper rallies:

Copper futures with February expiry rose nearly 2 percent to trade at Rs 1,328.95 per kilogram on Wednesday. The contracts are nearing its all-time high level of Rs 1,413.55 per kg. This comes amid falling dollar and supply constraints.

Copper’s long-term fundamentals remain strong, and Indian investors increasingly seek global commodity exposure to help diversify their portfolios and use as hedges against inflation, said Ross Maxwell, Global Strategy Operations Lead, VT Markets.

Hindustan Copper share price:

Hindustan Copper shares have gained more than 19 percent in the past five days, and over 29 percent in the past one month. The stock rallied 154 percent in the past six months, and is up 26 percent in 2026 so far.

The stock currently has a P/E ratio of 94.93, and the company’s market capitalization stands at around Rs 61,000 crore.

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