Hindustan Copper Opens Strong with 4.18% Gain, Outperforming Sector and Market

Hindustan Copper Ltd, a prominent player in the non-ferrous metal industry, has shown significant activity today, opening with a gain of 4.18%. The stock has outperformed its sector by 1.33%, reflecting a robust performance amid a broader market environment. Over the past two days, Hindustan Copper has recorded a cumulative return of 5.7%, indicating a positive trend.
Today, the stock reached an intraday high of Rs 216.4, marking a 5.07% increase. In terms of moving averages, the stock is currently above its 5-day and 20-day averages but remains below the 50-day, 100-day, and 200-day averages, suggesting mixed signals in its short to medium-term performance.

In comparison to the Sensex, Hindustan Copper's one-day performance of 4.86% surpasses the index's 2.44% gain, while its one-month performance of 7.97% is slightly below the Sensex's 8.30%. The stock's beta of 1.58 indicates a higher volatility compared to the market, suggesting that it may experience larger price swings. Overall, Hindustan Copper's recent performance highlights its active role in the non-ferrous metal sector.