MUMBAI (Commodity Online): Copper manufacturer and marketing major, Hindustan Copper Ltd (BOM: 513599) today shot up sharply on the Bombay Stock Exchange (BSE), while copper prices also firmed up on the Indian commexes.
Company stocks opened with a bang on BSE today with stock price rising over 7% to Rs.272.9 in the morning trades today. Meanwhile, benchmark Sensex was trading with marginal losses at 16962 down by 0.3% from its Wednesday’s close.
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The Company stock has surged by over 18% since 23 September 2009, when it was priced at Rs.230.80.
Copper Futures on MCX today remained firm on the back of strong economic outlook from Chinese economy. Meanwhile, Shanghai copper rose 1.7% at 51,100 Yuan making it the highest since August 31.
In the Indian commodity markets, Copper futures remained firm at Rs.309.25 per kg for MCX November contract. The prices are expected to firm up further on the back of improved consumption overview from Chinese economy.
