Buy Hindustan Copper, target price Rs 410: Anand Rathi

Anand Rathi has buy call on Hindustan Copper with a target price of Rs 410. The current market price of Hindustan Copper Ltd. is Rs 347.

Hindustan Copper Ltd., incorporated in the year 1967, is a Mid Cap company (having a market cap of Rs 33401.01 Crore) operating in Metals - Non Ferrous sector.

Hindustan Copper Ltd. key Products/Revenue Segments include Metals, Others, Other Operating Revenue, Cathodes, Sale of services, Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 585.22 Crore, up 43.00 % from last quarter Total Income of Rs 409.24 Crore and down -4.28 % from last year same quarter Total Income of Rs 611.37 Crore. Company reported net profit after tax of Rs 124.75 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 66.14 per cent stake in the company as of 31-Mar-2024, while FIIs owned 3.13 per cent, DIIs 12.28 per cent.