Gold prices: Mining mogul Anil Agarwal advocates for India to become a major gold producer by privatising PSUs Bharat Gold Mines and Hutti Gold Mines. He emphasizes the need to reduce gold imports, boost domestic production, and create jobs. Agarwal suggests divesting government equity in Hindustan Copper Ltd to further save forex and increase revenue.

India can be a major gold producer if it privatises two PSUs: Anil Agarwal

Eleven stocks including Balrampur Chini, Bandhan Bank, and GMR Airports are in F&O trade ban due to MWPL over 95% and OI data reported by Trendlyne. GNFC, HAL, Hindustan Copper, The India Cements, PEL, RBL Bank, SAIL, Vedanta included. Index traders unaffected. Ban reverses if OI falls below 80%. MWPL limits apply. Chambal Fertilizers exited.

F&O Ban List: HAL, India Cements among 11 stocks under trade ban on Friday

Gold prices surged due to global instability, while copper demand increased with Industry 4.0. India imports 95% of both. Privatizing PSUs like Hutti Gold Mines, KGF, Hindustan Copper, could boost production and jobs. FY24 imports were 795t gold, 2.2mn tonnes copper. Exploration reveals KGF’s rare earth potential. PSUs need investment, tech, and professional management to revive.

Revitalize gold and copper: India’s path to mineral independence and economic growth

State-owned Hindustan Copper Ltd on Friday said it is likely to exceed its capex target of Rs 350 crore for the ongoing fiscal year.

Hindustan Copper may exceed capex target of Rs 350 cr this financial year

Hindustan Copper Ltd will likely exceed its Rs 350 crore capex target this year, repeating last years success. The companys expansion includes Rakha mine projects, driven by double-digit demand growth in key sectors. Under Ministry of Mines control, India’s low per capita copper consumption boosts potential. It produces and markets copper concentrate, cathodes, and continuous cast rods.

Hindustan Copper may exceed capex target of Rs 350 cr this fiscal year

Hindustan Copper Ltd is quoting at Rs 346.25, up 1.17% on the day as on 12:44 IST on the NSE. The stock is up 193.43% in last one year as compared to a 25.98% spurt in NIFTY and a 54.38% spurt in the Nifty Metal.

Hindustan Copper Ltd soars 1.17%, rises for fifth straight session

Hindustan Copper was trading in a downward sloping channel and has now provided a breakout

Hind Copper, Siemens: Top picks by Jatin Gedia of ShareKhan for July 9

Hindustan Copper Ltd is quoting at Rs 330.25, up 1.15% on the day as on 12:49 IST on the NSE. The stock is up 170.7% in last one year as compared to a 24.53% gain in NIFTY and a 57.83% gain in the Nifty Metal index.

Hindustan Copper Ltd spurts 1.15%, up for third straight session

The interest from Adani Enterprises and Hindalco Industries, two of India’s leading industrial conglomerates, highlights the potential and attractiveness of these mines

Adani, Hindalco show interest in Hindustan Copper’s Jharkhand mines

Securities in F&O ban: Balrampur Chini Mills, GMR Infra, Hindustan Copper, India Cements, SAIL, SUN TV network.

Stock alert: Ixigo, Westlife Foodworld, Bharti Airtel, Som Distilleries, Paytm

Securities in F&O ban: Balrampur Chini Mills, GMR Infra, Hindustan Copper, India Cements, SAIL.

Stock alert: Zaggle Prepaid, Usha Martin, Gensol Engg, Bondada Engg, Whirlpool of India

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Hindustan Copper Limited is engaged in exploration, exploitation, mining of copper and copper ore, including beneficiation of minerals, smelting and refining.

Hindustan Copper Ltd