Hindustan Copper, Vedanta shares jump up to 5% on soaring copper prices globally

The shares of Hindustan Copper and Vedanta recorded significant gains on June 26 as global copper prices extended their record rally amid supply concerns. The sharp rise in the share prices accompanied their other metal peers today.

Hindustan Copper shares jumped nearly 5 percent to close at Rs 271.80 apiece, the highest level seen by the stock so far in 2025. The stock has gained around 11.5 percent in the past five days. Over 1.5 crore shares of the company were traded today, over three times more than its 10-day average volume. The stock currently has a P/E ratio of over 53.

Vedanta shares meanwhile surged nearly 3 percent to close at Rs 455 apiece, snapping a two-day losing streak after turning ex-dividend. Despite the strong surge today, the stock has gained only 2 percent in the past one month, and in 2025 so far. Over 1 crore shares of the company were involved in active trade today, higher than the stock’s 10-day average volume. The stock currently has a P/E ratio of over 9.

Copper extended gains for a fifth consecutive session after Goldman Sachs said that it expects the price of the metal to hit a 2025 peak of $10,050 per ton in August. This came on the back of supply concerns after record shipments were sent to US as Trump tariff proposals hiked prices there. However, the significant number of shipments to US drained other inventories, which increased global copper prices.