News for Hindustan Copper Limited (HINDCOPPER.BO)

PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.

JSW Group wins the MDO contract for two copper mines in Jharkhand from Hindustan Copper Limited (HCL)

The Indian market closed lower on Friday, ending a three-day winning streak, primarily due to losses in Infosys and Axis Bank following their quarterly results. Weak sentiment in IT and banking stocks, coupled with concerns about earnings growth and liquidity, led to the decline. The BSE Sensex fell by 0.55% and Nifty 50 declined by 0.47%, as investors adopted a cautious stance.

India Business News: Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex was above 76,700, Nifty50

India Business News: Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, crashed in trade on Monday morning. While BSE Sensex went below 76,60

HCL appoints SWML to reopen Rakha Copper Mine in Jharkhand, generating jobs and reviving dormant operations.

Hindustan Copper Limited awarded a Rs 2700 crore tender to South West Mining Limited for re-opening and expanding Rakha Copper Mine in Jharkhand. The project also includes the development of a new underground mine at Chapri and commissioning of a new concentrator plant. The mining operation is set to resume after over 20 years.

AMFI rejig: Stocks that have been excluded from the largecap list included Adani Total Gas, IDBI Bank Ltd, Shree Cement Ltd, Union Bank of India Ltd and BHEL.

Indian benchmark indices ended flat on December 26 as FMCG and bank corrections offset gains in auto and pharma. Analysts highlighted Niftys sideways movement below the 200 DMA, with short-term pressure and support at 23,700/23,600.

PSU stocks, including RVNL, Cochin Shipyard, and Mazagon Dock, saw substantial growth in 2024, outperforming benchmark indices. Driven by low valuations, revenue visibility, and improved performance, some became multibaggers. However, Q1FY25 earnings disappointments led to a recent downturn. Analysts predict market volatility in 2025 but remain optimistic about PSU sectors tied to government spending.

Retail investors reduced their holdings in several PSU stocks during Q2 FY25 due to valuation concerns and election results. Despite the PSU index underperforming the Sensex over the past six months, some analysts remain optimistic about the sector's long-term prospects, citing government spending and growth in oil, gas, and utilities.

14 BSE PSU index stocks rebounded from 52-week lows after Q2FY25 earnings, with five emerging as multibaggers. NALCO led profit growth, while Coal India's revenue surged. The BJP's election results impacted performance, but some stocks like BEL and SBI remained positive. Analysts are bullish on select PSUs, particularly banks, citing undervaluation and growth potential.

India Business News: Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rose in trade on Tuesday. While BSE Sensex was above 78,100, Nifty50

Five stocks, Aarti Industries, Aditya Birla Fashion and Retail, Gujarat Narmada Valley Fertilizers & Chemicals, Granules India, and Hindustan Copper, were put on F&O trade ban on Monday as their open interest crossed 95% of the market-wide position limits. The ban will be lifted if the open interest falls below 80%. This restriction does not apply to index traders.

Stocks including Sagility India, Hindalco Industries, Britannia, ONGC, L&T Technology Services, Bank of India, NMDC, Awfis Space Solutions and more will be in the spotlight on Tuesday, November 12.

November 12 brings significant developments for India’s markets, economy, and culture. Sagility India and Mangal Compusolution Ltd are launching IPOs today, while five major stocks face trading bans on the NSE’s F&O segment. In Delhi, air quality remains critical with an AQI in the ‘very poor’.

Stocks including Tata Motors, JSW Steel, Life Insurance Corporation, Asian Paints, ITI, Divis Laboratories, Ola Electrics, GR Infra and more will be the spotlight on Monday, November 11.

Over 2500 companies, including prominent names like ONGC, Hindalco, and Hero MotoCorp, are set to release their second-quarter earnings this week. Early reports suggest muted results, with analysts predicting the slowest growth in over four years due to a marginal 2% rise in Nifty earnings.

The plan, drafted by the Union commerce and industry ministry in discussion with the Prime Minister’s Office, envisages creating country-specific dedicated investment funds to acquire majority equity stakes in foreign critical minerals companies to generate capacity for India.