Hindustan Copper Shares Hit 20% Upper Circuit, Rally to Record Highs – Here’s Why

Hindustan Copper Logs Best January Performance Since 2012

With a 46% gain so far in January, Hindustan Copper is on track for its best January since 2012, when the stock had jumped 67%. The rally comes on the back of a 59% rise in December 2025, meaning the stock has more than doubled in just two months. As a result, the company’s market capitalisation has swelled to nearly ₹73,000 crore, up sharply from just over ₹30,000 crore at the start of December.

The recent surge has taken Hindustan Copper to a new 52-week high, with the stock rallying an astounding 313% from its April 2025 low of ₹183.82. In just nine months, the counter has transformed into one of the strongest performers in the metal space, delivering over 45% returns on a year-to-date basis.

Trading activity in the stock has been exceptionally strong. On Wednesday alone, Hindustan Copper recorded trading volumes exceeding 100 million, and on Thursday, trading volumes surged to 137 million.

Why is Hindustan Copper Share Price On Surge?

Global Copper Prices Fuel the Momentum

A key driver behind the rally has been the sharp rise in global copper prices, which hit a record high on the London Metal Exchange (LME). Three-month copper futures climbed to $13,965 per tonne, marking gains of over 12% in January, supported by expectations of tight supply conditions and a weakening US dollar. Other base metals, such as aluminium, have also touched multi-year highs, further boosting sentiment around metal producers.

Mining Block Win Adds Fundamental Trigger

Adding to the bullish narrative, Hindustan Copper announced on January 24, 2026, that it has emerged as the preferred bidder for the Baghwari-Khirkhori copper and associated mineral block in Madhya Pradesh. The company secured the position after submitting the highest final price offer in the forward e-auction conducted by the state government.

Broader Metals Rally Provides Tailwinds

The rally in Hindustan Copper comes amid a broader surge in metal and commodity prices. Precious metals also touched record highs, with silver breaching ₹4 lakh per kg on MCX and gold hitting lifetime highs in both domestic and international markets. The Nifty Metal index rose to an all-time high, even as benchmark indices like the Sensex and Nifty traded in the red.

Conclusion

Hindustan Copper’s sharp rise shows how strong global copper prices, new mining wins, and growing investor interest have come together at the right time. The stock has delivered exceptional returns in a short period, making January 2026 its best start in many years. While the rally may slow down in the near term, the stock looks overheated.