Hindustan Copper Faces Significant Stock Decline Amid Broader Non-Ferrous Metal Sector Struggles

Jan 13 2025 02:35 PM IST
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Hindustan Copper's stock faced notable challenges on January 13, 2025, hitting a new 52-week low amid a broader sector decline. The stock has underperformed significantly over the past month compared to the Sensex, reflecting ongoing bearish trends across various moving averages in the non-ferrous metal sector.
Hindustan Copper, a key player in the non-ferrous metal sector, faced significant challenges on January 13, 2025, with its stock price declining by 4.48%, reaching a new 52-week low of Rs. 223.25. This downturn is part of a broader trend, as the stock has dropped 6.47% over the past three days, underperforming its sector by 1.16%.

On this trading day, Hindustan Copper hit an intraday low of Rs. 223.25, reflecting a decrease of 4.33%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The overall non-ferrous metal sector also struggled, with a decline of 2.97%.

In terms of longer-term performance, Hindustan Copper has seen a significant decline of 23.54% over the past month, contrasting sharply with the Sensex, which has only decreased by 7.01%. On this day, Hindustan Copper's performance was notably worse than the Sensex, which recorded a decline of 1.29%.
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