Anand Rathi predicts 19% upside for Hindustan Copper

Hindustan Copper's stock has faced challenges recently. It has fallen about 30% over the past six months and is down 8% for the year so far. The shares experienced a significant drop, hitting a 52-week low of ₹ 195.35 on March 3, 2025. This is a steep decline from their 52-week high of ₹ 415.60 from May 22, 2024. Despite this downturn, the stock showed some recovery after reaching its low. Anand Rathi, a brokerage firm, sees potential for a rebound, predicting a nearly 19% increase in the stock price. They believe the technical signs suggest a possible change in trend. The firm advises investors to buy shares between ₹ 230 and ₹ 236, with an aim to sell at around ₹ 273 in the next one to three months. They recommend a stop loss at ₹ 213. As of Friday, Hindustan Copper shares closed down slightly at ₹ 229.95, valuing the company at over ₹ 22,236 crores. Over the long term, the stock has performed well, with returns of 135% over two years and 900% over five years. However, investors should be cautious and consult professionals before making any investment choices.