Hindustan Copper surges on reporting 41.22 lakh tonnes manufacturing of Copper ore in FY19

Hindustan Copper surges on reporting 41.22 lakh tonnes manufacturing of Copper ore in FY19

by admin- Friday, April 5th, 2019 03:51:53 PM

Hindustan Copper is presently buying and selling at Rs. 49.70, up by 0.95 factors or 1.Ninety five% from its previous closing of Rs. Forty eight.75 on the BSE.

The scrip opened at Rs. 49.Fifty five and has touched a high and occasional of Rs. 50.15 and Rs. Forty nine.50 respectively. So far 32613 stocks had been traded on the counter.

The BSE institution ‘A’ stock of face fee Rs. Five has touched a fifty two week excessive of Rs. Eighty two.10 on 19-Apr-2018 and a fifty two week low of Rs. 43.00 on 18-Feb-2019.

Last one week excessive and low of the scrip stood at Rs. 51.55 and Rs. Forty eight.60 respectively. The current marketplace cap of the agency is Rs. 4510.Forty four crore.

The promoters retaining in the organization stood at 76.05%, even as Institutions and Non-Institutions held 14.Sixty two% and 9.33% respectively.

Hindustan Copper (HCL) has been robust inside the financial yr 2018-19. The Company’s Copper ore manufacturing of forty one.22 lakh tonnes is the great within the last two decades (12% better than that of the closing financial year). The Metal-inconcentrate (MIC) production of the simplest vertically integrated Copper miner of India is 32,439 tonnes in 2018-19, that’s the first-class in remaining 16 years.

The ore manufacturing of the flagship Unit of HCL, Malanjkhand Copper Project, has been at an all-time high of 25.Forty two lakh tonnes throughout the economic year. Total Copper sales quantity at some stage in FY 18-19 has been 38,321 tonnes which is the very best in remaining 9 years.

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