Hindustan Copper Ltd Falls 4.61%: 7 Key Factors Driving the Weekly Decline

Jan 19: High Value Trading Amid Institutional Interest

Hindustan Copper Ltd opened the week with significant market attention, registering a traded volume of 8.88 million shares and a traded value exceeding ₹501 crore. Despite this liquidity, the stock declined 2.40% to close at Rs.547.95, underperforming the Sensex's 0.49% fall. Institutional interest remained strong, supported by the stock trading above all key moving averages and a recent upgrade to a Buy rating by MarketsMOJO. However, a 26.41% drop in delivery volumes compared to the five-day average suggested some short-term profit booking.

Jan 20: Continued High Value Turnover Amid Mixed Sentiment

The stock saw a further decline of 2.97%, closing at Rs.531.65, with a traded volume of 7.27 million shares and a value of ₹398 crore. This marked a three-day losing streak, with the stock underperforming both its sector and the Sensex. Technical indicators showed the price falling below the 5-day moving average, signalling near-term weakness despite longer-term support. Delivery volumes decreased by 9.27%, indicating cautious investor positioning amid volatile market conditions.

Jan 21: Elevated Trading Value and Signs of Stabilisation

On 21 January, Hindustan Copper recorded a traded volume of 6.94 million shares worth ₹369.22 crore. The stock closed nearly flat at Rs.557.25, marking a 4.82% gain from the previous day’s close of Rs.531.65, reversing the prior three-day decline. While the stock underperformed its sector by 2.04%, it marginally outpaced the Sensex’s 0.08% fall. Delivery volumes declined by 24.38%, suggesting that some trading activity was driven by short-term traders rather than long-term holders. The price remained above key moving averages except the 5-day, indicating cautious optimism.

Jan 22: High-Value Trading Amid Sector Weakness and Mojo Upgrade

Despite a sector decline of 3.01%, Hindustan Copper maintained strong liquidity with a traded value of ₹352.34 crore and volume of 6.43 million shares. The stock closed lower at Rs.531.80, down 4.57% on the day. Notably, the company’s Mojo Grade was upgraded to Buy on 4 December 2025, with a Mojo Score of 77.0, reflecting improved fundamentals and positive medium-term prospects. Delivery volumes fell 12.62%, indicating some profit-taking. The stock traded below its 5-day moving average but remained above longer-term averages, signalling short-term consolidation within an uptrend.

Jan 23: Robust Trading Activity Amid Sector Rally

Hindustan Copper saw a surge in trading volume to over 7.34 million shares and a traded value of approximately ₹401 crore. The stock opened at Rs.544.00, a 2.25% gap-up from the previous close, and closed at Rs.535.55, gaining 0.71% on the day. The non-ferrous metals sector rallied 4.18%, outperforming the stock by 3.47 percentage points. Despite this, the stock remained above its 20-day, 50-day, 100-day, and 200-day moving averages, though slightly below the 5-day average, indicating some short-term profit-taking. Delivery volumes declined 25.41%, suggesting increased speculative trading. The strong mojo score and recent rating upgrade continue to support the stock’s medium-term outlook.

Key Takeaways

Hindustan Copper Ltd’s week was characterised by strong trading volumes and institutional interest, underscored by a Mojo Grade upgrade to Buy and a solid Mojo Score of 77.0. The stock’s technical positioning above key moving averages supports a medium- to long-term uptrend despite short-term volatility and profit-taking pressures. Delivery volumes consistently declined throughout the week, signalling some reduction in long-term holding and increased speculative activity. The stock underperformed the broader Sensex and its sector on several days, reflecting mixed market sentiment and sector-specific headwinds.

Investors should note the divergence between high traded volumes and falling delivery volumes, which may introduce near-term volatility. The stock’s ability to maintain support above longer-term moving averages is a positive signal, but the repeated dips below the 5-day moving average suggest consolidation phases. Sectoral dynamics, including commodity price fluctuations and regulatory factors, remain key influences on the stock’s trajectory.

Conclusion

In summary, Hindustan Copper Ltd’s performance during the week ending 23 January 2026 reflects a nuanced market environment. While the stock faced downward pressure, it maintained robust liquidity and institutional interest, supported by a recent upgrade in investment grade. The mixed price action and declining delivery volumes highlight the importance of monitoring technical signals and sector developments closely. The stock’s strong mojo score and fundamental improvements provide a foundation for potential recovery, but investors should remain cautious amid ongoing market volatility and sector-specific challenges.

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