Hindustan Copper surges on 20% stake sale reports

MUMBAI: Shares of Hindustan Copper shot up after reports that the government will divest 20 per cent stake in the company. The divestment will include 10 per cent stake sale by the government and 10 per cent fresh equity sale. (Watch)

At 11:13 am, Hindustan Copper was trading at Rs 527.55, up Rs 57 or 12.11 per cent, on the BSE. The scrip has touched a high of Rs 537.70 and low of Rs 472.05 in trade so far. About 24.92 lakh shares were traded in the counter.