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    513599   INE531E01026

HINDUSTAN COPPER LIMITED

(513599)
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End-of-day quote Bombay Stock Exchange  -  2022-08-11
112.80 INR   +0.94%
07/22Hindustan Copper Limited Announces Board Resignations
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06/26Hindustan Copper Plans to Raise Up To $64 Million Via Issue of Bonds
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06/22Indian shares shed over 1%; bond yields dip ahead of policy meet minutes
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Indian shares drop over 1% after pullback rally fizzles

06/22/2022 | 01:07am EDT

BENGALURU, June 22 (Reuters) - Indian shares fell more than 1% on Wednesday, with the metal index plunging over 4%, while global investors remained concerned over monetary tightening policy and recession fears.

The NSE Nifty 50 index fell 1.09% to 15,468.5, as of 0443 GMT, while the S&P BSE Sensex dropped 0.9% to 52,026.81. Both indexes had clocked their best session in three weeks on Tuesday.

"Yesterday's rally was a pullback in a bearish market. But there was not enough steam to sustain the momentum. There was a lot of short covering as well," said V K Vijayakumar, chief investment strategist at Geojit Financial Services.

India's 10-year benchmark yield was down marginally to 7.42%, from its previous close of 7.48%.

Metal stocks declined after their short rebound on Tuesday, as a stronger U.S. dollar and rising supply concerns sent London copper prices down more than 1%.

The Nifty Metal index tumbled 4.5%, with Hindustan Copper sinking 8.4%.

The Nifty energy index lost 1.6%, with Oil and Natural Gas Corp and Gas Authority of India down 4%, each.

Brent crude was down at $113.32 per barrel, after a push by U.S. President Joe Biden to bring down soaring fuel costs.

Asian stocks fell in volatile trade, failing to extend an overnight Wall Street rally, while the Japanese yen hit a fresh 24-year low against the dollar.

Hero MotoCorp and Bajaj Auto were among the four lone gainers on the Nifty 50 index.

Jain Irrigation Systems jumped nearly 17%, after the company said on Tuesday it would sell a 78% stake in its international irrigation business to Temasek-owned micro-irrigation company Rivulis. (Reporting by Tanvi Mehta in Bengaluru; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ AUTO LIMITED 0.11% 4038 End-of-day quote.24.27%
BRITISH POUND / US DOLLAR (GBP/USD) 0.00% 1.213 Delayed Quote.-9.87%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.09% 0.7823 Delayed Quote.-1.00%
EURO / US DOLLAR (EUR/USD) -0.60% 1.0258 Delayed Quote.-9.78%
GAIL INDIA LIMITED 2.22% 131.5 Delayed Quote.1.78%
HERO MOTOCORP LIMITED -0.88% 2760.9 End-of-day quote.12.17%
HINDUSTAN COPPER LIMITED 0.94% 112.8 End-of-day quote.-9.51%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.05% 0.01256 Delayed Quote.-6.43%
JAIN IRRIGATION SYSTEMS LIMITED 0.42% 35.95 End-of-day quote.-13.58%
LONDON BRENT OIL -1.47% 97.84 Delayed Quote.27.42%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.00% 0.6453 Delayed Quote.-5.90%
NIFTY 50 0.22% 17698.15 Delayed Quote.1.98%
OIL AND NATURAL GAS CORPORATION LIMITED 4.82% 139.2 Delayed Quote.-2.25%
S&P GSCI BRENT CRUDE INDEX -1.42% 824.6818 Real-time Quote.24.58%
SENSEX BSE30 0.22% 59462.78 Real-time Quote.2.08%
WTI -2.31% 91.866 Delayed Quote.24.73%
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07/22Hindustan Copper Limited Announces Board Resignations
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06/26Hindustan Copper Plans to Raise Up To $64 Million Via Issue of Bonds
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06/22Indian shares shed over 1%; bond yields dip ahead of policy meet minutes
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06/22Indian shares drop over 1% after pullback rally fizzles
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Financials
Sales 2021 18 085 M 227 M 227 M
Net income 2021 1 102 M 13,8 M 13,8 M
Net Debt 2021 11 266 M 142 M 142 M
P/E ratio 2021 100x
Yield 2021 0,29%
Capitalization 109 B 1 370 M 1 370 M
EV / Sales 2020 4,11x
EV / Sales 2021 6,74x
Nbr of Employees 1 649
Free-Float 35,4%
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Managers and Directors
Arun Kumar Shukla Chairman & Managing Director
Ghanshyam Sharma Finance Director
Sanjay Panjiyar Operations Director & Director
Chattar Singh Singhi Secretary & Chief Compliance Officer
Sampa Chakraborty Lahiri Head-Corporate Communications & Administration
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