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STOCK MARKET

Hindustan Copper Ltd Jumps 2.63%

Picture Source: Internet

On National Stock Exchange (NSE), Hindustan Copper Ltd is quoting Rs 118.95, up 2.63%. The stock is down 9.75% in 2022 compared to a 0.53% spurt in Nifty and an 18.65% spurt in the Nifty Media index.

Hindustan Copper Ltd gained for a third straight session on January 9, 2022. The stock is quoting at Rs 118.95, up 2.63% on the day. The benchmark Nifty is up around 1.34% on the day, quoting at 18,099.45. The Sensex is at 60,771.32, up 1.45%. Hindustan Copper Ltd went up around 3.21% in the previous month.

Meanwhile, the Nifty Media Index, which belongs to Hindustan Copper Ltd, has gained around 1.15% for 2022 and is now quoted at 66,97.3, up 1.32% on the day. Volume in the stock was 60.46 lakh shares today, compared with last month’s daily average of 36.47 lakh shares. The stock’s benchmark January futures contract was Rs 119.3, up 2.49% on the day. Hindustan Copper Ltd fell 9.75% last year, while the Nifty gained 0.53% and the Nifty Media Index gained 18.65%.

Based on TTM earnings through September 2022, the stock trades at a P/E ratio of 32.61.

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