If you're staring at your portfolio wondering why that sleepy PSU stock just woke up and hit ₹374 – smashing its 52-week high – you're not alone. Hindustan Copper (HINDCOPPER) has exploded over 100% from its lows, leaving many investors kicking themselves for not jumping in sooner. But here's the real deal: this isn't just hype. With global copper prices skyrocketing on supply crunches like Indonesia's mine disruptions and massive EV/power sector demand, plus India's PSU boom under strong government push, this gem is primed for your wealth rocket.
Back in 1967, India needed to own its copper destiny. Hindustan Copper was born as a government enterprise, scooping up mines from National Mineral Development Corporation – think Khetri in Rajasthan and Rakha in Jharkhand. No single "founder" like a startup hero; it was the nation's bold move to nationalize British-era assets, including the 1930s Indian Copper Corporation at Ghatsila. Fast-forward, it's India's only vertically integrated copper producer, from ore to cathodes, now led by pros like Sanjiv Kumar Singh.
What's Fueling This Madness?Copper's the new gold for green energy – EVs gobble 4x more, renewables and power grids are hungry. Global prices hit lifetime highs with Grasberg force majeure and US tariff fears diverting supplies. HCL nailed a 20-year Rakha mine extension, eyes tripling output to 12MT by 2030. Q2 profits jumped 80% YoY amid 32% revenue growth. PSU fever? Trump's pro-manufacturing vibe and India's self-reliance seal the deal. Shares rocketed 50% in a month!
Analysts are buzzing – brace for multi-baggers. 2026 could see ₹600-800 if expansions click and copper holds $10k/ton. By 2030, ₹900-1100 on self-reliance boom. Dream bigger: 2035 at ₹1500-2000, 2040 pushing ₹2500+ as India dominates metals. These ride copper supercycle, capex, and EV wave – but watch volatility.
