Key Events This Week
29 Dec: New 52-week high at Rs.545.95 amid record volume
30 Dec: Intraday high of Rs.524 with exceptional volume surge
31 Dec: Mixed price action with exceptional volume and minor pullback
1 Jan: Continued volume surge and price gains near 52-week high
2 Jan: Steady price appreciation with strong volume and technicals
29 December 2025: New 52-Week High and Record Volume
Hindustan Copper Ltd began the week on a strong note, surging 8.42% to close at Rs.487.45, reaching a new 52-week high of Rs.545.95 intraday. The stock opened with a remarkable 14% gap up, reflecting strong buying momentum. This day marked the fifth consecutive day of gains, with a cumulative return of over 30% in that period. The stock outperformed the Non-Ferrous Metals sector, which gained 2.19%, and the Sensex, which declined 0.41%.
Trading volume was exceptional, with 4.13 crore shares changing hands, translating to a traded value exceeding ₹2,12,413.4 lakhs. Delivery volumes surged by 95.05%, signalling genuine accumulation rather than speculative trading. The stock traded above all key moving averages, confirming a robust bullish trend. Despite the strong price gains, some technical oscillators suggested short-term overbought conditions, warranting cautious optimism.
30 December 2025: Intraday High and Sustained Uptrend
On 30 December, Hindustan Copper continued its upward trajectory, hitting an intraday high of Rs.524 and closing at Rs.532.95, a 9.33% gain on the day. This marked six consecutive days of positive returns and a six-day cumulative gain of 34.65%. The stock outperformed the sector by 5.27% and the Sensex, which declined 0.01%, reinforcing its relative strength.
Volume remained elevated at 3.99 crore shares, with delivery volume increasing by 295.63% compared to the five-day average. The weighted average price data indicated strategic accumulation at lower price points within the trading range. Technical indicators remained bullish, with the stock trading comfortably above all major moving averages. The Mojo Score of 70.0 and upgraded Mojo Grade to Buy supported the positive sentiment.
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31 December 2025: Mixed Price Action Amid High Volume
The final trading day of 2025 saw Hindustan Copper experience a minor price correction, closing at Rs.518.50, down 2.71% from the previous close. Despite this, the stock remained resilient, outperforming the sector’s 0.76% decline and trading just 3.93% below its 52-week high. Volume remained strong at 2.46 crore shares, with a traded value of ₹1290.77 crores, indicating sustained investor interest.
Delivery volumes surged by 49.27%, suggesting continued accumulation despite the slight pullback. The stock maintained its position above all key moving averages, supporting the view of a short-term consolidation rather than a reversal. The minor correction interrupted an eight-day winning streak but did not diminish the overall bullish technical setup.
1 January 2026: Renewed Momentum and Volume Surge
Hindustan Copper resumed its upward momentum on the first trading day of 2026, closing at Rs.522.80, up 0.83%. The stock traded with a total volume of 1.45 crore shares and a traded value of approximately ₹768.37 crore. It outperformed the sector’s 0.56% gain and the Sensex’s 0.14% rise, trading just 3% below its 52-week high.
Technical indicators remained positive, with the stock above all major moving averages. However, delivery volume declined by 25.55%, indicating some short-term profit booking. Despite this, liquidity remained robust, supporting sizeable trades without significant price impact. The Mojo Score of 70.0 and Buy rating continued to underpin investor confidence.
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2 January 2026: Steady Gains and Strong Volume
On 2 January, Hindustan Copper closed at Rs.542.05, gaining 3.68% on the day and capping a week of strong performance. The stock recorded a total traded volume of 94.76 lakh shares, with a traded value of approximately ₹505.29 crores. It outperformed the non-ferrous metals sector’s 1.30% gain and the Sensex’s 0.81% rise, trading just 2.66% below its 52-week high.
Technical strength was evident as the stock remained above all key moving averages, signalling sustained bullish momentum. Despite a decline in delivery volumes on the previous day, the overall volume and price action suggest continued accumulation. The upgraded Mojo Grade and strong market cap grade support the stock’s leadership position within its sector.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.487.45 | +2.52% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.532.95 | +9.33% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.518.50 | -2.71% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.522.80 | +0.83% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.542.05 | +3.68% | 37,799.57 | +0.81% |
Key Takeaways
Strong Price Momentum: Hindustan Copper’s 14.01% weekly gain far outpaced the Sensex’s 1.35%, driven by multiple intraday highs and a new 52-week peak of Rs.545.95.
Exceptional Volume and Accumulation: Record trading volumes and surging delivery volumes throughout the week indicate robust investor participation and genuine accumulation rather than speculative trading.
Technical Strength: The stock consistently traded above all major moving averages, supported by bullish MACD and Bollinger Bands, despite some short-term overbought signals from RSI.
Rating Upgrade and Market Position: The Mojo Grade upgrade from Hold to Buy and a Mojo Score of 70.0 reflect improved fundamentals and technical outlook, reinforcing confidence in the stock’s prospects.
Valuation and Institutional Interest: While the stock trades at a premium valuation with a P/E of 80.93 and P/B of 15.4, the slight decline in institutional holdings by 0.9% warrants monitoring amid strong operational growth.
Conclusion
Hindustan Copper Ltd’s performance over the week ending 2 January 2026 highlights a compelling combination of strong price gains, exceptional trading volumes, and sustained technical momentum. The stock’s ability to outperform both its sector and the broader market amid mixed market conditions underscores its leadership within the non-ferrous metals space. The recent Mojo Grade upgrade to Buy and a solid Mojo Score of 70.0 further validate the positive sentiment surrounding the stock.
Investors should note the premium valuation metrics and the slight reduction in institutional participation as factors to watch going forward. Nonetheless, the robust operational results, conservative capital structure, and consistent accumulation signals provide a strong foundation for the stock’s continued strength. Hindustan Copper remains a key stock to monitor for exposure to the metals sector’s growth dynamics and market momentum.
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