Hindustan Copper touched a day’s high of Rs 574.90 on Monday, August 17, after a sharp rebound in global copper prices lifted the stock.

The rally came as traders bet on tighter copper supply worldwide. Copper has been climbing for weeks now.

Large volumes of the metal have been flowing into the US, as traders position themselves ahead of a possible American tariff decision on refined copper imports.

That flow has left less metal available for markets outside the US, even while demand out of China has stayed soft.

For a miner like Hindustan Copper, this matters a lot. When copper prices rise, the company earns more for the same tonnage it digs up and processes, so margins move up almost in step with the metal.

There’s also a solid quarter sitting behind this rally. Net profit for the June quarter jumped to Rs 352 crore from Rs 134 crore a year earlier, up 162%.

Revenue rose 81% to Rs 937 crore, and operating EBITDA more than doubled to Rs 508 crore, taking margins to 54.19% from 41.05%.

The company made a couple of board changes too. On August 14, it named two new independent directors, Ashish Kumar Khetan and Madhumita Daolagupu.

Separately, chairman and managing director Anupam Mishra said the company wants to push metal-in-concentrate output to around 32,000 tonnes this year, up from 27,000 tonnes last year, and that the focus right now is on getting projects and mines moving faster.

The stock closed the day at Rs 572.65, up 8.24%. It has gained over 16% in the past month alone and is now sitting on gains of more than 137% over the last year.

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