Rs 24 to Rs 110: This government CPSE has mined over 350% returns for its investors in the last two years!

Rs 24 to Rs 110: This government CPSE has mined over 350% returns for its investors in the last two years!

by 5paisa Research Team Last Updated: Dec 14, 2022 - 06:10 pm 29.2k Views
Listen icon

An investment of Rs 1 lakh in this stock two years ago would have turned to Rs 4.58 lakh today!

Hindustan Copper Ltd (HCL), a government-owned Central Public Sector Enterprise has made it to the list of multibaggers after the company’s stock delivered exceptional returns to its shareholders. The share price gradually ascended from Rs 24 apiece (as of 5 May 2020) to Rs 109.95 (as of 4 May 2022), which is an appreciation of 358% over the two-year holding period.

The company is one of the many companies that have seen an extraordinary run-up in their share price in the post covid period. It is currently trading at a TTM PE of 43x, as against the industry PE of 8.7x. In FY21, and delivered an ROE & ROCE of 17.39% and 7.61%, respectively.

Established in the year 1967, HCL is proudly called the copper miner in the nation. The fact that HCL is the country’s only vertically integrated copper producing company is a testimony to this. It manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.

Company has the facilities for the production and marketing of copper concentrate, copper cathodes, copper wire bar, continuous cast copper rods and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid. Presently, the company is focusing on mining and beneficiation operations and is primarily selling copper concentrate as the main product.

On the performance front, in the recent quarter Q3FY22, on a consolidated basis, the company’s net revenue surged 17.21% QoQ to Rs 544.41 crore. Similarly, the bottom line went up by 154% QoQ to Rs 171.73 crore.

At 2.57 pm, the shares of Hindustan Copper Ltd were trading at Rs 110.10, an increase of 0.14% from the previous day’s closing price of Rs 109.95 on BSE. The stock has a 52-week high & low of Rs 196.90 and Rs 105.05 respectively on BSE.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Paytm Share Price Surge 5% After Discontinuing Inter Company Pacts with PPBL

At 2.25 pm today, shares of One97 Communications the parent company of the renowned Paytm brand surged by 5% reaching ₹423.45.

NTPC Enters JV Agreement with Maharashtra State Power Generation

NTPC Green Energy Limited, a subsidiary of NTPC Limited, has partnered with Maharashtra State Power Generation Company Limited (MAHAGENCO) to lead the development of renewable energy parks in Maharashtra.

Happiest Minds Partners with Secureworks for Advanced XDR Services

Happiest Minds Technologies has recently announced its collaboration with the Secureworks Global MSSP Partner program to address the escalating need for Extended Detection and Response (XDR) services worldwide.