Trading Activity and Price Movement
On the trading day of 6 February 2026, Hindustan Copper Ltd (symbol: HINDCOPPER) recorded a total traded volume of 6,068,754 shares, translating into a substantial traded value of ₹35,945.84 lakhs. The stock opened at ₹587.4, down 3.28% from the previous close of ₹607.3, and touched an intraday low of ₹586.8, marking a decline of 3.38%. The last traded price (LTP) stood at ₹588.7 as of 09:45 IST, reflecting a day-on-day drop of 3.68%.
This decline contrasts with the broader sector and market indices, where the Non-Ferrous Metals sector fell by 2.19% and the Sensex by a modest 0.41%. Hindustan Copper’s underperformance by approximately 0.97% relative to its sector highlights specific pressures on the stock despite its high liquidity and trading interest.
Technical and Volume Analysis
Technically, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, signalling a longer-term bullish trend. However, it is currently trading below its 5-day moving average, indicating short-term weakness. The stock has been on a consecutive three-day losing streak, with a cumulative decline of 4.11% over this period.
Investor participation, as measured by delivery volume, has shown a marked decrease. On 5 February, delivery volume was 66.16 lakh shares, down 60.13% compared to the five-day average delivery volume. This drop suggests a waning conviction among long-term holders, possibly contributing to the recent price softness.
Despite this, liquidity remains robust. The stock’s liquidity supports trade sizes up to ₹73.48 crore based on 2% of the five-day average traded value, making it attractive for institutional investors and large order flows.
Institutional Interest and Market Capitalisation
Hindustan Copper Ltd is classified as a small-cap stock with a market capitalisation of approximately ₹56,812.66 crore. The company operates within the Non-Ferrous Metals industry, a sector that has seen fluctuating demand dynamics due to global commodity price volatility and domestic industrial activity.
The stock’s Mojo Score of 71.0 and an upgraded Mojo Grade from Hold to Buy as of 4 December 2025 reflect improved fundamentals and positive analyst sentiment. This upgrade signals growing institutional confidence, supported by favourable earnings prospects and valuation metrics.
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Sectoral and Market Context
The Non-Ferrous Metals sector has faced headwinds recently, with commodity price fluctuations impacting profitability and investor sentiment. Hindustan Copper’s recent price underperformance relative to the sector suggests company-specific factors at play, including profit booking after recent gains and cautious positioning ahead of earnings announcements.
However, the stock’s sustained trading volumes and value turnover indicate continued interest from institutional investors and traders seeking to capitalise on potential medium-term upside. The company’s fundamentals, including its market position and operational outlook, remain solid, underpinning the recent upgrade in analyst ratings.
Valuation and Quality Assessment
Hindustan Copper’s Mojo Grade upgrade to Buy is supported by a comprehensive assessment of its financial health, earnings growth potential, and valuation metrics. The company’s market cap grade of 3 reflects its standing as a mid-tier small-cap stock with room for growth relative to larger peers.
Investors should note the stock’s current short-term weakness amid a longer-term positive trend, as indicated by moving averages and institutional interest. The recent decline may offer an entry point for investors seeking exposure to the Non-Ferrous Metals sector through a fundamentally sound company with improving quality scores.
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Outlook and Investor Considerations
Looking ahead, Hindustan Copper Ltd’s stock performance will likely be influenced by global copper prices, domestic demand trends, and the company’s operational execution. The recent downgrade in short-term price momentum should be weighed against the positive fundamental backdrop and institutional interest.
Investors are advised to monitor delivery volumes and price action closely, as a sustained recovery above the 5-day moving average could signal renewed buying interest. Conversely, further declines in delivery volumes and price could indicate profit-taking or cautious positioning ahead of quarterly results.
Given the company’s upgraded Mojo Grade and solid market cap standing, Hindustan Copper remains a compelling candidate for investors seeking exposure to the Non-Ferrous Metals sector with a balanced risk-reward profile.
Summary
Hindustan Copper Ltd has demonstrated significant trading activity by value, reflecting strong institutional interest despite recent price declines. The stock’s technical indicators suggest short-term weakness amid a longer-term bullish trend, supported by an upgraded Mojo Grade to Buy. With a market capitalisation of ₹56,812.66 crore and robust liquidity, the stock remains a focal point for investors analysing the Non-Ferrous Metals sector’s evolving dynamics.
Careful attention to volume trends and price movements will be essential for investors aiming to capitalise on potential opportunities in this small-cap stock, which continues to attract sizeable order flows and market participation.
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