Intraday Price Movement and Volatility
On 1 Feb 2026, Hindustan Copper Ltd opened sharply lower with a gap down of 9.98%, signalling immediate selling pressure from the outset of trading. The stock continued to weaken throughout the session, hitting an intraday low of Rs 554.65, representing a 19.21% drop from the previous close. This intraday low marks a notable underperformance relative to the Non-Ferrous Metals sector, which itself declined by 8.26% on the day.
The stock exhibited high volatility, with an intraday volatility of 6.55% calculated from the weighted average price, reflecting rapid price swings and uncertainty among market participants. Despite this, Hindustan Copper Ltd’s price remains above its 20-day, 50-day, 100-day, and 200-day moving averages, though it is trading below its 5-day moving average, indicating short-term weakness amid longer-term support levels.
Hindustan Copper Ltd’s day change was a steep -12.18%, underperforming the Sensex’s modest gain of 0.22%. This divergence highlights the stock’s distinct pressure compared to the broader market, which was buoyed by gains in mega-cap stocks.
Recent Performance Trends
The current decline extends a recent negative trend, with the stock falling for two consecutive days and losing 20.46% over this period. Despite this short-term weakness, the stock’s longer-term performance remains robust. Over the past three months, Hindustan Copper Ltd has surged 73.74%, vastly outperforming the Sensex’s 2.32% decline. Its one-year return stands at an impressive 163.64%, compared to the Sensex’s 7.41% gain, underscoring the stock’s strong relative momentum over time.
Year-to-date, the stock has gained 16.69%, contrasting with the Sensex’s 3.25% loss, while its three-year and five-year returns of 402.32% and 909.26% respectively, further demonstrate sustained outperformance within the Non-Ferrous Metals sector.
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Sector and Market Context
The Non-Ferrous Metals sector, to which Hindustan Copper Ltd belongs, experienced a notable decline of 8.26% on the day, reflecting sector-wide pressures. This sector underperformance contrasts with the broader market’s positive tone, as the Sensex opened 119.19 points higher and traded at 82,449.75, up 0.22%. The Sensex remains 4.5% below its 52-week high of 86,159.02, with its 50-day moving average positioned above the 200-day moving average, signalling a generally constructive medium-term trend.
Market leadership was concentrated in mega-cap stocks, which supported the Sensex’s modest gains. However, smaller and mid-cap stocks, including Hindustan Copper Ltd, faced selling pressure amid profit-taking and sector rotation.
Mojo Score and Rating Update
Hindustan Copper Ltd holds a Mojo Score of 77.0, reflecting a positive outlook based on a comprehensive assessment of financial and market metrics. The company’s Mojo Grade was upgraded from Hold to Buy on 4 Dec 2025, signalling improved confidence in its fundamentals and market positioning. Despite today’s price weakness, the stock’s market capitalisation grade remains at 3, indicating a mid-tier market cap classification within its sector.
The downgrade in short-term price action contrasts with the positive rating, suggesting that current market pressures may be temporary and influenced by broader sector dynamics rather than company-specific factors.
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Short-Term Price Pressure and Market Sentiment
The sharp intraday decline and gap down opening reflect immediate selling pressure, likely driven by profit-booking after recent strong gains and sector-wide weakness. The stock’s underperformance relative to the Non-Ferrous Metals sector and the broader market indicates that investors are cautious amid heightened volatility and uncertain near-term catalysts.
Hindustan Copper Ltd’s trading below its 5-day moving average suggests short-term momentum has weakened, although its position above longer-term moving averages may provide some technical support. The stock’s high intraday volatility further emphasises the unsettled market sentiment, with rapid price fluctuations signalling active repositioning by traders.
While the Sensex’s positive performance indicates resilience in large-cap stocks, the pressure on Hindustan Copper Ltd highlights the divergence between sector-specific challenges and broader market optimism. This dynamic underscores the importance of monitoring sector trends alongside overall market conditions when analysing stock price movements.
Conclusion
Hindustan Copper Ltd’s intraday low of Rs 554.65 on 1 Feb 2026 marks a significant price correction amid a volatile trading session. The stock’s decline was driven by a combination of sector weakness, profit-taking, and short-term technical pressures, despite a positive broader market environment. Its recent upgrade to a Buy rating and strong longer-term performance provide context for the current pullback, which appears to be a reaction to immediate market conditions rather than fundamental deterioration.
Investors and analysts will likely continue to monitor the stock’s price action in relation to sector trends and moving average support levels to assess the sustainability of this correction.
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