Hindustan Copper's Stock Shows Short-Term Recovery Amid Broader Market Declines

Jan 14 2025 02:50 PM IST
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Hindustan Copper's stock rebounded on January 14, 2025, after three days of declines, reaching an intraday high. Despite today's gains, the stock underperformed compared to its sector and the broader market, with a notable decline over the past month. It remains below key moving averages, indicating a bearish trend.
Hindustan Copper, a key player in the non-ferrous metal sector, saw its stock rise by 3.24% on January 14, 2025, following three days of declines. The stock reached an intraday high of Rs 229.85, reflecting a 5.03% increase. However, it remains 3.85% above its 52-week low of Rs 217.1 and is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

Despite today's gains, Hindustan Copper's performance lagged behind its sector, which experienced an overall increase of 4.26%. In the broader market context, the stock's one-day gain of 3.38% contrasts with the Sensex's modest rise of 0.27%. Over the past month, Hindustan Copper has faced a significant decline of 22.01%, while the Sensex decreased by 6.82%.
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